Reliance Tech Ventures wins Red Herring award

BANGALORE, INDIA: Reliance Technology Ventures Ltd (RTVL), the corporate arm of Reliance ADA Group, today announced that it has been named as a winner of the Red Herring Top 100 Global Venture Capital firms.

Red Herring, Inc., founded in 1993, is a media company whose mission is to cover innovation, technology, financing and entrepreneurial activity. RTVL is the only Corporate VC from India to have been named a winner, said a press release.

The firm seeks out and invests in promising sectors including media, technology, cleantech and telecom companies worldwide in various stages of their lifecycle.

RTVL’s investment portfolio spans across the globe and has invested in promising companies that focus both on established and new technologies that advance the computing, communications, media and convergence platforms.

Several of these companies, such as Stoke Inc. and Yatra.com are Red Herring Technology winners themselves, said the release.

According to Harshal J Shah, CEO of RTVL, “We are extremely proud of having been named a winner of the Red Herring Top 100 Global VC firms. Reliance always aims to occupy leadership position in whichever sector it ventures into. At RTVL, we have built a formidable base in the shortest time to take the company to greater heights.”

He further added that their ability to partner with other globally renowned venture firms, prestigious institutes such as MIT, Wharton, IIT, ISB, IIM, etc and access to some of the best entrepreneurial talent provides us the cutting edge.”