Churn expected in venture capital industry

The churn in venture capital industry could continue as investment professionals begin exploring options outside the space, driven by a mix of opportunities offered by new economy ventures, increased early-stage investing and poor performances by funds themselves. Earlier this month, Kanwaljit Singh, senior managing director at Helion Venture Partners, became the latest high-profile name to quit a storied investment firm. It has been rumoured that he will be starting his own consumer and consumer technology-focused seed-stage venture. The announcement comes at a time when Helion, which manages assets of over $600 million across three funds, has increasingly turned its investment focus on mobile and technology ventures, while Singh, a veteran in the VC stakes in India, is primarily known for his consumer bets.

Read the Economic Times news report here.