Word: angadi
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Dates: during 2000-2000
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Prouty arrived in Bangalore in 1997 when most of Asia was in economic meltdown and India was in a period of political instability that saw four governments in less than two years. He and his partner, Vijay Angadi, a founding member of India's first venture-capital firm, TDICI, studied some 700 business plans and were poised to pounce in 1999 when the economy moved into recovery. Last year they signed half a dozen deals to fund Indian start-ups, including a 24% stake in Linc Software Services, which specializes in insurance and banking software; a 49.5% stake...
...being faster off the mark and more forward-thinking. "What ICF does is take the core of an idea and try to grow it big by marrying it with high-quality international players. Our idea of a committee meeting is making a phone call and taking a quick decision," Angadi boasts. Adds Prouty: "ICF funds come from some of the U.S.'s most successful investment bankers, venture capitalists and institutions. These people have ridden some very fast horses in the U.S., and in India they see the opportunity to ride even faster ones...
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