The Venture Intelligence Blog

Venture Intelligence recently spoke to Vishakha Mulye, Managing Director & CEO of ICICI Venture Funds, on the firm’s recent investments and strategy going ahead. This interview first appeared in the latest issue of the Venture Intelligence India Private Equity Roundup Report . Venture Intelligence: In 2011, you have announced two significant-sized investments – in restaurants chain Devyani International and vocational education firm TeamLease Services. Can you tell us about them? Vishakha Mulye: Both were proprietary deals. Devyani (which runs KFC, Pizza Hut and Costa Coffee chains in various parts of India) was the outcome of existing relationships and our liking for the Quick Service Restaurant (QSR) space. As India’s GDP continues to grow, our belief is that the QSR kind of businesses - which I term as a New Generation businesses - will also witness a tremendous growth. In other countries, these kinds of businesses have shown 30-40% growth over a long period of time and our bel...

Economic Times has an interview with Rajeev Bakshi, joint managing director of ICICI Venture on its SPV, I-Ven Medicare, which is creating a string of hospitals across the country. The firm to integrate the individual hospitals into a single company that can be taken public. It is a simple, affordable, speciality healthcare model wherein we have bought into a set of entrepreneur doctors who already have established clinics/hospitals in certain locations. We have also bought into an entrepreneur manager who is in the process of putting together a team of professionals to set up a chain of healthcare services across a certain region. We give them growth capital so that the teams of these entrepreneur doctors can leverage their basic competencies to open up more such healthcare clinics in their areas. We have bought into four such nodes across the country. One each in Karnataka, Maharashtra, West Bengal and Delhi. The aim is to unleash the power of these entrepreneurs from a very basic ...