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K2 Global, led by pioneering Singapore-based investor Ozi Amanat, is showing the way in making strategic investments in technology companies in India, China and the United States, particularly those on the verge of making Initial Public Offers, or IPOs.
Amanat leads over a dozen Asian billionaires and family offices, who are eyeing investment opportunities in technology companies in emerging markets and the US.
Since June this year, Ozi Amanat’s company K2 Global has already invested more than $50 million in technology companies which are looking for capital to grow and boost their businesses, ahead of launching an IPO.
K2 Global is an exclusive and influential firm that provides capital to upcoming ventures, leading a club of marquee billionaires, which combines venture capital and private equity concepts to instill strategic value in companies that are set to change global business models with new technologies and innovation.
K2 Global’s focus is on companies with cutting edge technologies that would shape the economies of India, Singapore and China as well as re-energize businesses in the United States, the 35-year old Harvard educated businessman said.
The company is rapidly expanding in stealth mode with partners in both Singapore and Silicon Valley.
Amanat leads over a dozen Asian billionaires and family offices, who are eyeing investment opportunities in technology companies in emerging markets and the US.
Since June this year, Ozi Amanat’s company K2 Global has already invested more than $50 million in technology companies which are looking for capital to grow and boost their businesses, ahead of launching an IPO.
K2 Global is an exclusive and influential firm that provides capital to upcoming ventures, leading a club of marquee billionaires, which combines venture capital and private equity concepts to instill strategic value in companies that are set to change global business models with new technologies and innovation.
K2 Global’s focus is on companies with cutting edge technologies that would shape the economies of India, Singapore and China as well as re-energize businesses in the United States, the 35-year old Harvard educated businessman said.
The company is rapidly expanding in stealth mode with partners in both Singapore and Silicon Valley.
Amanat, the founder and chairman of K2 Global, believes that the tech-heavyweights in India, China and the United States need and should get more equity growth capital to take them to the next level of technological disruption.
K2 Global does not disclose details of companies in its portfolio but some of the biggest and well known tech companies such as Spotify, Uber and Airbnb may well be on its radar.
With its large billionaire and family office investor base, K2 Global is well positioned to not only provide ample capital for growth but also to leverage the network and know-how of the rich and business-oriented Asian families. This can further propel the tech companies in Asia and beyond.
From now on, global economies will be technology driven and investment oriented and “this is all the more reason that we are making strategic investments in leading global tech companies”, he said.
Amanat is ideally placed to make such investments because he has strong business connections with both the startup ecosystem in the United States and also family offices in Asia. “I want to bring these startups and family-based investors together”.
As of end-2013, the Asia-Pacific region has 4.32 million millionaires, up 17% from year-earlier, according to a Capgemini SA and RBC Wealth Management report.
“These are wealthy serial entrepreneurs particularly those who have made a fortune from the sale of tech companies in Silicon Valley and are now focused on emulating this success in the emerging markets,” Amanat said. They are helping to build budding startups in India and China, which are creating new demand for e-commerce based consumer businesses, he pointed out.
In particular, Amanat is bullish on China’s plans to expand and take its consumer-driven economy to the next higher level where almost all transactions will be through mobile and wearable devices backed by cutting edge systems of technology.
In China, the government plans to increase research and development expenditures from the current level, 1.7% of GDP, to 2.5% of GDP by 2020. The current corresponding figure for the US is 2.7%.
China is funding mega projects in sunrise areas such as new-generation nuclear reactors, nanotechnology, quantum physics, clean energy, and water purification. In several sectors, multinational companies have been asked to share their technologies with Chinese state-owned enterprises as a condition of operating in the country.
Amanat also pointed towards the fast pace of expansion of e-commerce in India, with an increasing number of banking and consumer services being provided online. India has already identified the list of 100 cities that will be developed as “smart” and now plans for the purpose are in drawing board stage. This will essentially mean having more online services, ranging from banking, insurance and bill payments to health, education and sanitation.
India’s central government plans to roll out the $11 billion nationwide broadband network program BharatNet. The plan will be submitted for cabinet approval later this year and with assistance of state governments has scope to connect urban households with broadband speed of up to 20 megabit per second.
The $3.2 billion National Optical Fiber Network, or NOFN aims to connect all 250,000 village panchayats with high-speed broadband network by the end of 2017. The initiatives will present more business opportunities to technology companies.
“These robust technologies will have demand both in the business-to-business and business-to-consumer segments and K2 global wants to invest in this sector of the economy,” Amanat stressed.
Amanat sees businesses, retailers and consumers driving the demand for technology that is required to meet their daily needs. “Hence, we are now putting our dollars to assist in developing such robust technologies, ideas and concepts”.
“It is time to lead the markets with these disruptive technologies”, he said.
Amanat is also the Chief Investment Officer of Spice Global, a Singapore-based business group controlled by Indian billionaire, B K Modi.
Amanat led a group of investors in the famous $35 million pre-IPO allocation in Alibaba, which increased in value to almost $95 million at the time of the initial public offering. He also led an investor consortium in a $400 million bid to acquire Forbes last year.
The Harvard-graduate is an investment-savvy millennial with a deep understanding of tech-heavweight companies.
fii-news.com
With its large billionaire and family office investor base, K2 Global is well positioned to not only provide ample capital for growth but also to leverage the network and know-how of the rich and business-oriented Asian families. This can further propel the tech companies in Asia and beyond.
From now on, global economies will be technology driven and investment oriented and “this is all the more reason that we are making strategic investments in leading global tech companies”, he said.
Amanat is ideally placed to make such investments because he has strong business connections with both the startup ecosystem in the United States and also family offices in Asia. “I want to bring these startups and family-based investors together”.
As of end-2013, the Asia-Pacific region has 4.32 million millionaires, up 17% from year-earlier, according to a Capgemini SA and RBC Wealth Management report.
“These are wealthy serial entrepreneurs particularly those who have made a fortune from the sale of tech companies in Silicon Valley and are now focused on emulating this success in the emerging markets,” Amanat said. They are helping to build budding startups in India and China, which are creating new demand for e-commerce based consumer businesses, he pointed out.
In particular, Amanat is bullish on China’s plans to expand and take its consumer-driven economy to the next higher level where almost all transactions will be through mobile and wearable devices backed by cutting edge systems of technology.
In China, the government plans to increase research and development expenditures from the current level, 1.7% of GDP, to 2.5% of GDP by 2020. The current corresponding figure for the US is 2.7%.
China is funding mega projects in sunrise areas such as new-generation nuclear reactors, nanotechnology, quantum physics, clean energy, and water purification. In several sectors, multinational companies have been asked to share their technologies with Chinese state-owned enterprises as a condition of operating in the country.
Amanat also pointed towards the fast pace of expansion of e-commerce in India, with an increasing number of banking and consumer services being provided online. India has already identified the list of 100 cities that will be developed as “smart” and now plans for the purpose are in drawing board stage. This will essentially mean having more online services, ranging from banking, insurance and bill payments to health, education and sanitation.
India’s central government plans to roll out the $11 billion nationwide broadband network program BharatNet. The plan will be submitted for cabinet approval later this year and with assistance of state governments has scope to connect urban households with broadband speed of up to 20 megabit per second.
The $3.2 billion National Optical Fiber Network, or NOFN aims to connect all 250,000 village panchayats with high-speed broadband network by the end of 2017. The initiatives will present more business opportunities to technology companies.
“These robust technologies will have demand both in the business-to-business and business-to-consumer segments and K2 global wants to invest in this sector of the economy,” Amanat stressed.
Amanat sees businesses, retailers and consumers driving the demand for technology that is required to meet their daily needs. “Hence, we are now putting our dollars to assist in developing such robust technologies, ideas and concepts”.
“It is time to lead the markets with these disruptive technologies”, he said.
Amanat is also the Chief Investment Officer of Spice Global, a Singapore-based business group controlled by Indian billionaire, B K Modi.
Amanat led a group of investors in the famous $35 million pre-IPO allocation in Alibaba, which increased in value to almost $95 million at the time of the initial public offering. He also led an investor consortium in a $400 million bid to acquire Forbes last year.
The Harvard-graduate is an investment-savvy millennial with a deep understanding of tech-heavweight companies.
fii-news.com
