Anil Ambani's VC firm aims to seal 3-6 deals in six months

Anil Ambani Group's venture capital arm, Reliance Technology Ventures (RTVL) aims to seal 3-6 deals by June, including two by end-March, a top company official said.

The corporate VC firm would focus strongly on clean-tech and energy, defence and aerospace, financial services and media-related firms, besides its traditional technology and tech-enabled companies, the official said.

"On an average, we have invested in around 3-4 companies every year in the last three-years. This year we sense an immense potential, and are hopeful of sealing 3-6 deals in the next six months," RTVL's CEO, Harshal J Shah, told PTI here.

The company, which has, since its inception in 2006, invested mainly in technology and tech-enabled firms, will, from this year, diversify its investments into other sectors such as aerospace and defence, clean-tech and financial services segments, Shah said.

"While 2009 was a rough year for entrepreneurs, 2010 should be a good one. Both investors and entrepreneurs are more realistic now, and we should be able to get fair valuations," Shah said.

"Fortunately for us, our portfolio companies' valuations not only went up, but we also took a significant market share away from competitors, and as a result, the economic downturn has been a boon for us," he said.