Global angel fund B-Hyves plans to back 6-8 software solution startups in India every year

B-Hyves is a new early stage investor in town and is looking to invest and incubate ventures in business process software solutions and may invest in around half a dozen firms a year in the country, the managing partner of B-Hyves told Techcircle.in.

"We are looking to co-invest in software solution ideas or ventures which have domain expertise in segments like real estate, healthcare and life sciences, logistics and supply chain and human resources," said Arun Kumbhat, managing partner of B-Hyves said.

The company would look at investing up to €0.5 million ($680,000 or Rs 4.2 crore) either in existing startups or incubate companies with entrepreneurs who have strong domain knowledge.

According to Kumbhat, while B-Hyves would prefer to co-invest in a company with an entrepreneur, which means incubating the venture, it would simultaneously look at investing in other existing firms.

According to Kumbhat, who has led ventures like pharmaceutical and medical supplies company Halley Medical Supplies and also been an advisor to international pharmaceutical companies and drug delivery technology startups like Medincell SA, B-Hyves will make six-eight investments in the country every year.

B-Hyves has already made a few investments in Europe and will also look at investing in the US. The holding company of B-Hyves is B-Op Trust AG, founded by German entrepreneur Stefan Seiler. Seiler is also founder of ZugSeil Group, a software solution company which started in 1994.

(Edited by Joby Puthuparampil Johnson)