Cleantech is looked at as one of the most attractive investment opportunities across the world with venture capital and private equity investors pouring billions into the sector. Kleiner Perkins, Caufield & Byers or KPCB, one of the most successful venture capital firms in the world, is leading investments into this sector. The blue chip venture capital firm was the largest investor in the sector globally in April-June quarter, with five deals in the space. Silicon Valley-based KPCB has an India portfolio of eight companies, with its first cleantech investment in Kotak Urja, a maker of solar water heaters and solar photovoltaic modules and systems.
Aniruddha Nazre, a partner at KPCB, also leads KPCB’s India investment initiative. He joined KPCB in 2003 from SAP, where he played a key role in formulating and executing the company’s internet strategy, and co-founded and led SAPMarkets. Aniruddha Nazre did his undergraduation in Mechanical Engineering from College of Engineering Poona (COEP), in India, after which he went on to to do an MS in Mechanical Engineering from Michigan Tech, a PhD in Biomechanics from the Technical University of Hanover, Germany and an MBA from the Harvard Business School. VCCircle’s Madhav A Chanchani catches up with Nazre on what makes the cleantech space so hot, the investment prospects, and why India should not miss the opportunity. This is the part one of the two part series interview with Nazre