Below is our recent interview with Nikhil Choudhary, General Partner at Nirman Ventures:
Q: Could you provide our readers with a brief introduction to your company?
A: Nirman Ventures is the first venture capital firm founded by industry leaders, to invest in early construction and clean technology innovation. With a deep understanding of the ecosystem, it has a globally networked cohort of partners and advisors based in key centers around the world.
Our focus areas are construction-tech, clean tech, and blockchain tech, shaping today’s real estate. The geography-agnostic fund looks for cutting-edge technology from across the globe, bringing unparalleled domain and market knowledge to the industry.
Q: Any highlights on your recent announcement?
A: Our fund recently announced the appointment of Mr. Enrique Norten to our board of advisors. Mr. Norten’s induction brings us an unparalleled access to the Latin American investment ecosystem.
We will be announcing four more such strategic inductions to our advisory board in the next 30 days.
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Q: Can you give us more insights into your operations and what technologies do you look for?
A: Ours is a geographically agnostic venture fund with a hyper focused mandate to move the construction industry forward, faster, and in a more sustainable manner. The built environment generates 40% of annual global CO2 emissions, and the industry is set to double by 2030. Then there are other challenges that our fund looks to solve within the ecosystem such as site safety, workforce shortages, supply chain inefficiencies to name a few. Our team is global and operates from 5 continents. Our partner and advisor network is spread across the major hotbeds of construction and industrialization, giving us unparalleled position in our industry.
Q: What can we expect from your company in next 6 months? What are your plans?
A: In the coming 6 months, we will be making several investments across the value chain in startups across the globe. We can not go into much details as our deals are still under wraps. Our fund partners are also attending and speaking at various proptech and contech conferences, so it is a lot of travelling and meetings for us. Our team will be in the MENA region towards the end of May and then in Mexico City in early June.
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Q: What is the best thing about your company that people might not know about?
A: We have a very flat organization structure where all the partners operate and manage most of the business affairs themselves versus having a hierarchy and inefficiencies across the board. Our advisors play a vital role in our deal vetting and selection process. Being a specialist fund, each of our team member plays a very strategic and unique role in our operations. Our world class team is really our secret sauce!