Reliance Technology Ventures is a winner of the Red Herring Top 100 Global Venture Capital Firms

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) July 7, 2009 --

Red Herring, Inc., founded in 1993, is a media company whose mission is to cover innovation, technology, financing and entrepreneurial activity. For the first time since the venture industry’s creation, it has ranked the best performers on quantitative and qualitative basis. The first process was to screen the Global VC 200 finalists from among more than a thousand known and active venture funds across the globe. It has selected the Top 100 and remarkably enough, realized that this group represents almost all of the exits, returns, or liquidity events that have happened since 2003.

RTVL is the only Corporate VC from India to have been named a winner. The firm seeks out and invests in promising sectors including media, technology, cleantech and telecom companies worldwide in various stages of their lifecycle. RTVL’s investment portfolio spans across the globe and has invested in promising companies that focus both on established and new technologies that advance the computing, communications, media & convergence platforms. Several of these companies, such as Stoke Inc. and Yatra.com are Red Herring Technology winners themselves. RTVL’s team comprises of professionals with deep operational expertise and adopts a hands-on approach to nurturing and building it’s portfolio companies to become category leaders.
RTVL also happens to be the youngest VC firm to have achieved this distinction of being a Red Herring winner and has achieved this in the shortest possible time. Being an integral part of the Reliance Anil Dhirubhai Ambani Group, with no limitations on the size of investments, RTVL aims to leverage emerging and high growth potential sectors, and markets, that enrich and enhance the Group’s eco-system.

According to Harshal J Shah, CEO of RTVL, “We are extremely proud of having been named a winner of the Red Herring Top 100 Global VC firms. Reliance always aims to occupy leadership position in whichever sector it ventures into. At RTVL, we have built a formidable base in the shortest time to take the company to greater heights. Our ability to partner with other globally renowned venture firms, prestigious institutes such as MIT, Wharton, IIT, ISB, IIM, etc and access to some of the best entrepreneurial talent provides us the cutting edge.”
RTVL works with and co-invests with leading venture capital firms across the globe. US based Kleiner Perkins Caufield & Byers venture firm commented saying, "Congrats to Reliance. They are a significant investor in two Kleiner Perkins companies, Stoke and Pelago. India is a massive mobile market and having an investor who understands and can be helpful in that market is key."

"NVP congratulates RTVL on being named as a top global venture capital firm. RTVL has been a strong co-investor with NVP in such market leading companies as Yatra and Suvidhaa, and this appointment is well deserved," said Niren Shah, Managing Director, Norwest Venture Partners India.

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