Draper Fisher Jurvetson (DFJ) was founded by Timothy C. Draper, John H.N. Fisher, and Steve Jurvetson. It is focused on early and growth-stage investments in enterprise, consumer and disruptive technologies. DFJ’s portfolio of companies include Baidu, Skype, SolarCity, Tesla Motors, Tumblr, Twitter, SpaceX, and Yammer among others.
DFJ had invested in about a dozen companies in India, with a net asset value of $60 Mn (about INR 400 Cr), through its US-based fund. DFJ has not made any fresh investments after it shut India office in 2013.
NewQuest has bought stakes in DFJ’s companies which include travel website Cleartrip, electronic-waste management firm Attero Recycling, renewable energy company Bharat Light and Power, mobile advertising firm RevX, and online photography company Canvera.
According to the sources close to the development, DFJ has sold its holding in around 8 to 10 domestic companies. These deals were typically done at “cents on the dollar”.
Mohanjit Jolly, who was the partner managing the deals for DFJ (in India), will help NewQuest manage the portfolio.