Premji Invest to take platform approach, seek greater ownership in portfolio companies
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Premji Invest is shifting its strategy to seek greater ownership in portfolio companies.
- ✓The firm plans to back founders early and build businesses from scratch.
- ✓"Premji Invest is also looking at building businesses from scratch," a source said.
Story at a Glance
- Category
- BUSINESS
- Reported By
- MoneyControl
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Premji Invest is looking to take greater ownership in the companies it backs and move beyond the traditional venture capital model, as the family office seeks to build businesses and deepen its conviction in select bets, people familiar with the matter told Moneycontrol. While Premji Invest will continue to participate in follow-on rounds of its portfolio companies to increase stake, it will also explore other ways to increase ownership. Premji Invest will look to come in early and back founders from the start.
"Premji Invest is also looking at building businesses from scratch, with a founder brought in to run the show and given equity in the venture. The family office would retain a larger stake in these businesses," one of the people cited above said.
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