India: Capitalising on the trend to lend

India has a growing population of young entrepreneurs for whom banks are no longer the only providers of finance. Vik Mehrotra of Venus Capital discusses the rise of alternative lenders.

Mehrotra: no need to take equity risk

In 1994, it was all about equities. That was when Vik Mehrotra, who had spent the previous three years with UBS, launched Venus Capital in Boston, Massachusetts.

The firm, which also has offices in London and New Delhi, started life as an India-focused equity firm and launched what it claims was the first-ever US-based, India-dedicated hedge fund two years later, in 1996.

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