Ajit Nazre, a partner at KPCB, also leads the venture capital firm’s India investment initiative. He joined KPCB in 2003 from business software maker SAP AG, where he played a key role in formulating and executing the company’s Internet strategy. In an interview, Nazre talks about what makes the clean technology space so hot, the investment prospects, and why India should not miss the opportunity. Edited excerpts.
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.
Till now, Kleiner Perkins’ focus in India has been “consumer-facing enterprises” such as MapMyIndia, a web application that offers maps in India, Paymate, a mobile payment platform, in addition to Info Edge and Cleartrip.
Globally, Kleiner Perkins partners have supported hundreds of entrepreneurs in building over 475 companies, including household names such as Amazon, Sun, Genentech, Intuit, Verisign and Google.
In India, Kleiner Perkins hopes to continue its association with Ram Shriram’s Sherpalo Ventures in cleantech firms as well, said Nazre.
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