George Town, Cayman Islands, January 26, 2011 --(PR.com
)-- ePlanet Ventures, the firm well known for backing globally disruptive innovation-driven companies, such as Skype and Baidu, has changed its name to ePlanet Capital. Company Founder and Chairman Asad Jamal explains: "The name change to ePlanet Capital reflects our evolution into a global growth and expansion stage investor with a focus on high-growth emerging markets. We believe that over the next decade, an unprecedented value creation opportunity exists in growth stage innovation-driven private-equity investing, particularly in China and India. ePlanet Capital will focus on this opportunity, and further enhance it through migration of disruptive innovation from US, Europe and Korea to the Asian emerging markets."
About ePlanet Capital
Established in 1999, ePlanet Capital (formerly ePlanet Ventures) pioneered the development of a truly global venture and growth capital business model. It was the first venture capital firm to utilise a global model with offices in Asia, Europe and the United States. ePlanet consists of a team of more than 30 professionals across the globe in offices located in Beijing, Bangalore, Seoul, London and Silicon Valley. ePlanet Capital provides superior returns to investors by making private equity investments on a global basis, and is one of the leaders in catalyzing migration of business models and technological innovation from developed markets to emerging markets. ePlanet has made over 90 investments across the globe since inception, including success stories such as for example Baidu, Skype, HiSoft, Focus Media, Kong Zhong and Moreens, and the firm's portfolio companies have achieved an aggregate market value of over $40 billion. The firm has won the China Venture Capital Association Exit of the Year 2005 Award for Baidu, and the European Venture Capital Association Deal of the Year 2006 Award for Skype, and has been profiled in FORBES Feb 2007 as a 'Pioneer in Global Venture Capital'. Other significant portfolio investments include iKang (China), Auro Mira (India), Continental Warehousing Corporation (India), Trivitron Healthcare (India), Sree Ramcides Chemicals (India), Silicon Mitus (Korea), Korea Bone Bank (Korea), Friendi Mobile (MENA), Naseeb Networks (Pakistan), eCommera (UK), Greetz (Netherlands), Palringo (UK), DirectFlow Medical (US). www.eplanetcapital.com