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A History of Innovation

The Hive India is anchored by the Patni family who are pioneers in the field of information technology in India. The Patnis were early entrants in this space in the mid-70s and built a global IT outsourcing business over a period of 4 decades. The company, Patni Computer Systems was recently sold at a transaction value of almost $1.5 billion. Subsequently, Amit and Arihant Patni have been working to identify the next wave of innovation in the technology space. As a first effort, they have co-founded a venture fund in the internet space in India called Nirvana. The Hive is a vehicle to fund and launch innovation in the area of data analytics.

Building Value in Data Analytics

The Hive is joining forces with entrepreneurs and start-ups that are seeking capital, qualified guidance and high-level mentorship. Our goal is to function as equity partners rather than financial investors and participate significantly in the evolution of the enterprise.

Of course, the promoter still steers the ship, but along the journey, the team will add value in several ways:

  • Provide initial Capital
  • Enhance management bandwidth
  • Accelerate the product development (Access to Silicon Valley – Product/Technology stack)
  • Provide help in building prototype, market validation, and business plan
  • Facilitate access to an ecosystem of US founders/Strategic Partners and Clients
  • Engage with thought leaders in The Hive Big Data community worldwide
  • Accelerate access to sources of future capital

In addition to mentoring startups, The Hive India will also host periodic talks and panel discussions to share knowledge and bring together experts and visionaries from academia and the industry.

The Hive India is currently operational in Mumbai and aims to appoint a team of like-minded Big Data enthusiasts and build office infrastructure in Bangalore in the near future.

“Through our platform, we aim to help entrepreneurs create sustainable businesses that incorporate Big Data by providing them with initial capital, mentoring, technical and business guidance and access to prospective follow on capital and strategic partners.” Arihant Patni, Managing Director, The Hive India.

India and Big Data

India has a proven history of services and has built valuable companies in the IT outsourcing space over the past twenty years. A joint study by NASSCOM and CRISIL Global Research & Analytics estimates that the Indian Big Data industry will grow from USD 200 million in 2012 to USD 1 billion in 2015 at a CAGR in excess of 83 percent. The Hive India is interested in functional areas as well as verticals that lend themselves to innovative approaches and disruption by Big Data. Examples of functional areas of interest are Multi-Channel Marketing, CRM, Security, IT Management, etc. Examples of vertical markets of interest are eCommerce and Retail, Media and Advertising, Financial Services and Insurance, Telecommunications, Healthcare, etc.

The Hive India is based out of Mumbai and Bangalore.

Meet The Team

ARIHANT PATNI

Managing Director, The Hive India

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AMIT PATNI

AMIT PATNI

Co-founder & Chairman, Nirvana Venture Advisors

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Get in Touch

MUMBAI

310-314, Raheja Chambers,
Nariman Point
Mumbai 400021

For All Inquiries:

[email protected]

Arihant Patni is Managing Director of the Hive, an investment platform that helps fund and launch companies in big data and data analytics in India and the Silicon Valley (www.hivedata.com). He is also Managing Director of Patni Financial Advisors, a wealth management company that advises high net worth families on a wide range of investment options including debt, equity, alternate assets and real estate, and Co-Founder/Director of Nirvana Venture Advisors, a venture capital fund focused on the internet space.

Arihant’s foray in the venture capital space came about when his family business, Patni Computer Systems, was acquired in 2011 at a valuation of $1.5 billion which included a full exit for promoters and private equity investors. At Patni, Arihant had a broad exposure to the business of the company, including positions in the computer software and human resources departments, as well as being a business development and marketing executive. Arihant later worked with Fidelity Investments and Raay Software Inc. in Boston and was subsequently co-founder and CEO of Bodhi Global Services, a legal support services company set up in collaboration with AZB & Partners, which is one of India’s leading law firms.

Arihant received his Bachelor of Science Degree from the University of Pennsylvania in Chemical Engineering. He continued his education at Babson College in Boston, where he received his Masters of Business Administration (Magna Cum Laude), with a dual concentration in entrepreneurship and finance. He then received a separate Masters Degree in Statistics from Columbia University in New York.

Amit Patni is Co-founder & Chairman at Nirvana Venture Advisors and is a promoter shareholder of Patni Computers. Patni Computers Ltd. was a pioneer in Indian ITES. The promoter family stake in Patni Computers was divested in May 2011 in a sale to iGate Corporation at value of $1.5 billion. Amit has 22 years’ experience in technology, software and projects. He has extensive experience in the computer hardware and components market in India and overseas. In his various roles, Amit has independently ensured implementation of Greenfield projects and launched new business operations.

As a Whole time Director of PCS Technologies Ltd., a listed Indian company in the computer hardware and manufacturing space, Amit was responsible for setting-up the copper clad laminates business. Subsequently he was Managing Director of PCS International Pvt. Ltd. with the responsibility of expanding PCS Technologies hardware business in UAE and Africa. Thereafter, Amit developed Health Management Systems, a healthcare software product that was marketed by PCS Technologies Ltd. Amit is a Director of the Board of Patni Financial Advisors the family office of the Patni Family. Amit has done his BS in Accounting and Masters from Babson College, USA.