{"id":972,"date":"2016-01-08T09:22:36","date_gmt":"2016-01-08T09:22:36","guid":{"rendered":"https:\/\/sunkrish.com\/?p=972"},"modified":"2016-05-23T09:55:54","modified_gmt":"2016-05-23T09:55:54","slug":"primarc-group-sets-up-venture-capital-fund-for-start-ups","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2016\/01\/08\/primarc-group-sets-up-venture-capital-fund-for-start-ups\/","title":{"rendered":"Primarc Group sets up venture capital fund for start-ups"},"content":{"rendered":"<p class=\"body\"><a href=\"https:\/\/sunkrish.com\/index.php\/2016\/01\/08\/primarc-group-sets-up-venture-capital-fund-for-start-ups\/index-15\/\" rel=\"attachment wp-att-974\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-974 alignleft\" src=\"https:\/\/sunkrish.com\/wp-content\/uploads\/index-2.jpg\" alt=\"Primarc\" width=\"210\" height=\"156\" srcset=\"https:\/\/sunkrish.com\/wp-content\/uploads\/index-2.jpg 210w, https:\/\/sunkrish.com\/wp-content\/uploads\/index-2-150x111.jpg 150w\" sizes=\"auto, (max-width: 210px) 100vw, 210px\" \/><\/a>Kolkata-based Primarc Group, which is into real estate and retailing, has set up a venture capital fund targeting start-ups.<\/p>\n<p class=\"body\">According to Sidharth Pansari, Director, Primarc Group, the fund \u2013 Primarc iVenture \u2013 will look to fund start-ups at an angel stage or even at advanced ones.<\/p>\n<p class=\"body\">\u201cIn the angel stage, funding will be between\u00a0 Rs. 5 lakh and\u00a0 Rs. 15 lakh, while in the advanced stage it will be\u00a0 Rs. 25 lakh to\u00a0 Rs. 1 crore. Focus will be on West Bengal-based start-ups, ones with social impact, or unique ideas,\u201d he told media persons.<\/p>\n<p class=\"body\">Pansari, however, did not mention the corpus of the fund.<\/p>\n<p class=\"body\">Initiated some three months ago, the fund is controlled by the Pansaris, and has funded some 9-10 enterprises that include the likes of Ketto and Catapoolt (among crowd funding platforms); Sampurna Earth and iKure (among projects that seek to create social impact).<\/p>\n<p class=\"body\">While there are no immediate plans to set up an incubation centre, Pansari said the group was also open to picking up stakes in companies (start-ups) that are a strategic fit with its core businesses of retail and real estate.<\/p>\n<p class=\"body\">Such stakes may be taken up through the respective arms of the group.<\/p>\n<p class=\"body\">Kolkata-based Primarc has an annual turnover of around Rs. 350 crore, most of which comes from retailing and real estate projects.<\/p>\n<p class=\"body\">Currently, it has around 30-40 lakh sq feet of residential projects under construction, mostly in Kolkata and the suburbs.<\/p>\n<p class=\"body\">Source: <a href=\"http:\/\/www.thehindubusinessline.com\/todays-paper\/tp-news\/primarc-group-sets-up-venture-capital-fund-for-startups\/article8069988.ece\" target=\"_blank\">http:\/\/www.thehindubusinessline.com\/todays-paper\/tp-news\/primarc-group-sets-up-venture-capital-fund-for-startups\/article8069988.ece<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kolkata-based Primarc Group, which is into real estate and retailing, has set up a venture capital fund targeting start-ups. According to Sidharth Pansari, Director, Primarc Group, the fund \u2013 Primarc iVenture \u2013 will look to fund start-ups at an angel &hellip; <a href=\"https:\/\/sunkrish.com\/index.php\/2016\/01\/08\/primarc-group-sets-up-venture-capital-fund-for-start-ups\/\">Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":974,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,497,493],"tags":[357,310,332,311,314,331,301,353],"class_list":["post-972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-corporate-services","category-cross-border-transactions-mas-joint-ventures","category-economy-business-updates-corporate-affairs","tag-angel-investment","tag-bank","tag-capital","tag-corporate","tag-debt","tag-fund-raising","tag-start-ups","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=972"}],"version-history":[{"count":3,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/972\/revisions"}],"predecessor-version":[{"id":976,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/972\/revisions\/976"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/974"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}