Tag: Indian companies

  • Nokia ventures, BlueRun pact to invest in India

    Nokia ventures, BlueRun pact to invest in India

    BANGALORE: Global venture capitalist firms (VC’s) – London-based Nokia Ventures and the California-headquartered BlueRun have decided to focus on India by forming a joint initiative to single out and invest in Indian companies.

    As an early stage fund, BlueRun Ventures will invest mostly in Series A and B, with initial investment ranging from $2 to $8 million. Nokia is BlueRun Venture’s largest limited partner.

    BlueRun Ventures is a global venture capital fund focused on early stage companies in the IT, mobile, and consumer electronics markets and Nokia Growth Partners’ mid-to-late stage focus complements BlueRun Ventures investments, Nokia being the prime mover of both funds.

    BlueRun Ventures established its office in New Delhi in 2004 and have invested in Pune based Nevis Networks in May of 2004. Nokia Growth Partners recently announced an investment in Bangalore based Sasken in April

    Nokia Growth Partners , a $100M global mid- to late-stage venture capital fund, focuses on investments in mobile technology companies from around the world that are already experiencing industry adoption by large companies such as Nokia. BlueRun is targeting to close a $350 million fund shortly to increase the total amount it manages to $1 billion.

    Founding Partner of BlueRun Ventures John Gardner said, “We have long viewed India as one of the most exciting and advanced technology markets in the world. The value proposition for investing in Indian companies creates some of the most significant, emerging opportunities for venture capitalists. We are pleased to have been an early investor in the region and are looking forward to furthering our efforts in working with entrepreneurs to bring technology innovations that touch the global economy to market.”

  • Indian companies seek to find their footing at Mipcom

    CANNES: It is known to be one of the biggest markets for television programming, along with Natpe, which is held in the US. And there’s no doubt that it attracted companies and individuals from India or of Indian origin in droves. 
    Cable TV operators, DTH providers, animation service providers, small studios with their own ready made pilots, large studios, programme producers, distributors advertising film makers – they were all there.
    Some came to acquire programming, others to sell. Some came to forge co-production deals, some to seal them. Some, just to mark their presence. Some came to watch the various programmes and awards shows held in Monte Carlo and parties in swanky hotels along the lovely Croisette.
    Mipcom 2003, held in the Palais des Festivals, where the Cannes film festival is held, can be a horrendous nightmare. With 1,243 companies exhibiting, it is like a maze, which needs to navigated, maneuvered around, to get maximum benefits out of it. Unless you plan your meetings in advance, your money might well go down the toilet. Unless you endeavour to know the market before, it is ditto once again.
    The rate for booths ranges from Rs 400,000 to even as high as seven million rupees. To attend as a participant, you have to cough up between Euros 1,300 to Euros 2,500. The parties here are shockingly expensive: costing between Euros 10,000 to as high as even 200,000 Euros.

    Among the Indian or Indian originating companies which took up booths figured Suman Video, World Entertainment Group, Bollywood Eros Entertainment, E-City Entertainment representing Zee TV, and Star India. While E-City was both buying and selling, the rest were simply in the selling mode. And all of them said that the market has proved to be good. Says Star India biz development head Shantanu Nalllavady “Wow! is all I can say. We recover our costs and make money out of markets. There has been a lot of interest in our product.” Zee TV, World Entertainment Group, and Eros all reported deals which were swimmingly pleasing.
    Adds Aim Television’s Iqbal Malhotra – he preferred to be a participant without a stand, he chose to have a mailbox instead. “I had a lot of residual library left in my portfolio and I managed to find buyers, which was terrific.”
    UTV boss Ronnie Screwvala of course came to service clients with whom he is doing major animation contracts. And he had a huge happy grin on his face. Obviously things had turned out well for him. His former UTV Toons CEO Biren Ghose who has set up an animation firm Animation Bridge and was striding the aisles also looked pleased.
    The other bunch of Indian Mipcomers – the animation guys from Chennai and Hyderabad – well they came a-browsing seeking to get service animation work or to understand the market. Pentamedia was there. For some such as Parijat Studio’s 25-year old Aatish Tripathi, it was an eye-opener. “So many companies showed an interest in my product,” he says. “Warner, Disney, I am amazed. I am now looking for service animation work.”
    Some of them were however disappointed. Said one of the Indian participants, “Wish we had more coordinated Indian activity like the other countries do,” he said. “We felt cheap, not being represented as a country. And also there’s a syndrome here: not many Indians like to help the other, each is so eager to get the business for himself. They don’t like to give newcomers any room even edgewise. Which is fine, but I guess, we will get more business if we work jointly as a front.”
    A point well made. For until that is done, the efforts may well be stray and scattered. And India’s entertainment TV exports, may well end up being just a drop in the ocean. Rather than a wave. Which is the way China looks to be going.

  • Indian companies drive into MipCom

    CANNES: More than a dozen Indian companies are marking their presence at MipCom 2003 in the Palais de Festivals in Cannes. Scheduled to be held from 10-14 October 2003, the market is expected to be busy, the weakening American dollar notwithstanding.
    Star India – with its gaggle of soaps and current affairs programmes, E-City Entertainment with its clutch of Spiritual shows (from the Chakra channel library), Eros International (with its huge movie library), Discovery Communications have all taken up booths in order to display their libraries. Balaji Telefilms, which had taken up a stand decided to abstain this year.
    The other companies which have registered include: UTV Communications, Iqbal and Anu Malhotra’s AIM Television, Chennai-based magazine Animation Reporter, Dessin Works, Kosmic Studios, Uttar Pradesh based Escosoft Technologies, Secunderabad-based Green Gold Graphics, and Mumbai-based companies Sound Entertainment, UTV Software, Vale Music India, and indiantelevision.com.
    Three days of conferencing, with pitching sessions from format show creators, screenings of several new programmes including those produced for HDTV, loads of lunches and evening cocktails and parties – attendees of this year’s MipCom are going to have their hands and time full. Of course there will be the meetings to begin new deals or continue conversations on existing ones and close some. Of course the nominees of The International Emmys are slated to be announced on 10 October. With a handful of Indian entries, it will be interesting to see if any of them hit the nomination charts.
    Of course, two people are going to be recognised: News Corp. president and CEO and Fox Group chairman and CEO Peter Chernin is to be awarded with the Personality of the Year Award, and Warren Leibfarb, the founder of the DVD will be awarded the Decoration des Arts and Lettres by the French minister of Culture and Communication Jean-Jacques Aillagon.