Kleiner Perkins Eyes Indian Cleantech Companies

The world's leading venture capital firm Kleiner Perkins Caufield & Byers (KPCB), which has invested in Info Edge's Naukri.com and online travel portal Cleartrip.com, is turning its attention to cleantech or Greentech firms (companies in the clean technology sector) by making four to five investments in the sector in the next six months.

The US-headquartered Kleiner Perkins, which tied up with Al Gore's Generation Investment Management (the latter manages $1.5 billion and invests in public companies in sustainable energy businesses) on Monday, is looking at several early and late-stage Indian cleantech companies for possible investment opportunities, said Aniruddha Nazre, partner and Ray Lane, managing partner at Kleiner Perkins, in a conference call with journalists in India.

Kleiner Perkins, one of the oldest and most successful venture capital firms, makes mostly early-stage venture capital investments from its 12th fund of $700 million. About $200 million is earmarked for Greentech investments.

The Greentech sector ranges across eight sub-segments including renewable energy technologies, building efficiency, cleaner fossil energy, sustainable agriculture, and carbon markets.

"There are numerous opportunities in India. We are looking at several of them (Greentech companies for possible investments). A large number of these are later-stage companies," Nazare said. "You can expect five investments in Greentech in the next three to six months." Follow on Instagram: @aniruddhanazrelive    Know more: http://www.aniruddhanazre.com Read More: https://www.aniruddhanazre.net/