Aiming global disruption, billionaires are ready to invest in Indian, American and Chinese tech companies
Sep 10, 2015, 17:18 IST
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An influential group of high powered Asian billionaires and family offices is investing in tech companies based in India, China and the US with the potential of global disruption and expansion. However, these Asian billionaires are only interested in those tech companies who are mulling an Initial Public Offerings (IPOs).
These investments are going into those companies which are looking for growth capital to propel their business. The goal is to make an investment, some months ahead of their IPO, said Ozi Amanat, the Indian-origin partner of K2 Global, managing the Asian billionaire club.
Amanat, 35, said K2 Global, a venture growth firm, has attracted a club of marquis billionaires. It combines venture capital and private equity concepts to provide growth capital as well as strategic value to the companies which are set to change global business models with technologies and innovations.
"Our focus is on companies with hyper advanced technologies that would shape the economies of India, Singapore and China as well as re-energise businesses in the US," said Amanat.
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K2 Global is rapidly expanding, with partners in Singapore and Silicon Valley. It has already invested close to $50 million in tech companies in just the past 90 days, he said.
Amanat believes the tech-heavyweights in the world's three main markets, India, China and the US, should get more equity growth capital to help launch them to the next level of technological disruption.
(Image: Indiatimes)