About the company
Equity Venture Finance Corporation (EquityVC) was founded in 2002 as a a specialized Boutique Investment Bank providing Strategic Advisory and Equity Capital Raising Services with a focus in the field of Media and Communications. Clients ranged from Small and Medium Enterprises, Corporate Houses, Funds and Investment Shoppers and High Net-worth Individuals. With the progression of time and the emergence of new media resulting in the convergence of IT and Telecom in the domains of media and communication, EquityVC has kept pace with the times and expanded its core focus areas to corporate advisory and capital raising services only for IT, Mobile Apps, Cloud Based Services and Technology businesses . In the last decade, EquityVC has provided services to various start-ups as well as established mid sized businesses in India and other countries resulting in an all round exposure and experience which is effectively used for the benefit of client companies. In 2003, EquityVC was mandated by an Africa based telecom infrastructure services group called Concept Group Telecom Limited and Teleconvergence Infosystems (TELECIL). EquityVC advised the group on financial raisings through equity and debt. EquityVC also initiated the IPTV division for the group and initiated contacts for TELECIL, through EquityVC founder Mr. Tushar Shah, with local telecom companies to take the IPTV business through in partnership with them. In 2006, EquityVC was mandated for a similar opportunity in India with PSU telecom giants MTNL and BSNL that had partnered with an Indian company, Time Broadband Services (P) Limited (TBSL). TBSL was the only company to have access at that time to TV over IP licenses with both MTNL and BSNL. EquityVC structured, managed and executed the capital raising for the group's premier entity, resulting in a 40% equity infusion from Dubai Ventures. The contribution of EquityVC was very much appreciated by the promoters of TBSL that they offered EquityVC promoter Mr. Tushar Shah a large stake in the business which was accepted by Mr. Shah resulting in him holding 33.33% of TBSL at one time, exiting from the business in 2012. In the last four years, with the maturity of the start-up ecosystem, EquityVC focus has been on newer technologies such as mobile applications, technology and cloud based services and has advised various entities in the domain in India.
Tushar Shah – Founder & Mentor
A Chartered Accountant by qualification, Mr. Tushar Shah commenced a specialized financial consultancy business in 1989 after two years of practice as a professional tax and finance consultant. In 1991, he floated Harvest Financial and Management Services (P) Limited as one of the Founder Directors. Harvest was one of the premier investment banks in India in the specialized field of media and communication in India. Mr. Shah was a director in Harvest till the end of 1996. Mr. Shah was the India associate of Tampa-U.S. based Media Investment Bank, Communications Equity Associates (CEA). CEA was the one of the largest investment bank in the world in the specialized field of media and communication with a client list comprising of Time Warner, TCI, Disney, ESPN, NBC etc. Mr. Shah has advised various international and domestic clients like ESPN, Modi Enterprises, National Geographic, Family Channel, NBC, Disney, Innovision E-Commerce Limited etc. Tushar has worked with various NRI’s across Singapore, Middle East and the USA for provision of Investment Services in private unlisted companies with a vision to raise PE or IPO funding within a time horizon of 3-4 years. Mr. Shah is also an angel investor and serial entrepreneur. He has various times picked up stakes in companies that are mandated to the corporate advisory arm for capital raising. He has equity interests in various other companies with a focus on IT, content, convergence technologies, media etc.