VC firm Fenox eyes Indian tech startups as next investment target

Silicon Valley-headquartered Fenox Venture Capital has named Venktesh Shukla, serial entrepreneur and chairman of TiE Global, a General Partner (GP) at the firm as it looks to expand the Asian investment franchise with India as a target market.

GPs are essentially investment managers.

"Venktesh will bring core expertise to Fenox that will strengthen and diversify our global campaign," Anis Uzzaman, co-founder and GP at Fenox, said in a statement. "Two-thirds of the world's population lives in Asia, and Venktesh can help us expand our operations to new regions in Asia, including India."

Fenox looks at investment opportunities across the globe in emerging technology companies in IT, health IT, artificial intelligence, internet of things, robotics, Big Data, virtual reality, augmented reality, fin-tech and next generation technologies.

The venture capital firm has offices across seven different countries including Japan, Indonesia and South Korea. It has invested in firms based in the US, Japan, Bangladesh, South Korea and Southeast Asia.

Some of Fenox's portfolio companies in Asia include Terra Motors, an electric motorbike maker; Shohoz, an online travel service provider; Geniee, an online platform which offers real-time bidding for advertisers; and FINC, a digital healthcare company.