Reliance-Israeli platform for Indian investments.

Indian investors will get access to overseas venture capital funds through a new agreement between Israel-based OurCrowd Platform and India’s Reliance Private Client.

OurCrowd, a global leader in equity crowdfunding, has signed a strategic collaboration agreement Reliance Private Client, one of India’s leading wealth management companies and a part of Reliance Capital.

“For the first time, this agreement will allow Indian investors to access overseas venture capital funds on the OurCrowd Platform,” said OurCrowd, announcing the agreement on 7 June 2017.

OurCrowd is one of the world’s largest equity crowdfunding platforms and one of the leading investors in the increasingly dynamic Israeli startup arena.

Under the terms of the collaboration, Reliance Private Client will offer to its accredited clientele, OurCrowd’s unique startup investment products and fund offerings.

Indian investors will have the opportunity to invest via the platform in OurCrowd’s broad range of offerings, including funds such as OurCrowd Qure: Israel’s First Digital Health Fund and the OC50 Portfolio Index fund.

“Historically, the greatest challenge for global investors has been access to high quality global alternate asset class investment opportunities, especially into early and growth stage companies based out of mature startup ecosystems such as Israel and Silicon Valley,” said OurCrowd CEO Jon Medved.

“This new deal structure will provide Indian investors access to quality VC deals through a trusted partner such as Reliance Private Client,” he said.

India is home to the fourth largest population of high net worth investors in the Asia Pacific region, with total wealth approaching one trillion dollars.

At present, India has around 2% of the world’s millionaires (13.6 million) and 5% of the world’s billionaires (2,024).

Between 2015 and 2016, the country has witnessed a 12% increase in high net worth investors and this is expected to grow at 150% over the next decade.

“OurCrowd’s strategic growth plans in Asia have been further reinforced with this valuable collaboration with Reliance Private Client in India,” said Elias Ghosalkar, Director of Corporate Development, OurCrowd.

“It will also provide greater impetus to the growing economic opportunities between Israel and India, and help nurture fruitful interactions between the two startup ecosystems,” said Ghosalkar.

Commenting on the impact of the alliance, Amrita Farmahan, Country Business Head, Reliance Private Client said: “We are excited to bring our clients this unique opportunity to access high quality and curated portfolios of deep technology enabled startups via OurCrowd’s disruptive private equity platform.

“In addition to providing viable investment opportunities in these important alternate assets, we will connect the Indian investors to the global startup ecosystem via OurCrowd,” she said. fii-news.com