NEW DELHI--(BUSINESS WIRE)--ePlanet Ventures (www.eplanetventures.com), a global venture capital firm based in Silicon Valley, London, Bangalore, Beijing and Seoul was selected as the Asia Venture Capital Firm of the Year 2009, recognizing the firm’s commitment to the growing economies of Asia. The award was presented in Mumbai by Global M&A Network, in a year that saw an impressive number of nominees in the field.

Chandrasekar Kandasamy, managing director and a featured panelist at the conference, accepted the award for ePlanet Ventures. “I would like to thank Global M&A for giving us this award. The credit should go to the entire ePlanet team who made us successful not only in Asia but in other parts of the world. My special thanks to our Chairman who had the vision to set up a global VC fund way back in 1999 when most other funds were either local or regional. I would also like to thank our portfolio companies and our investment banking partners who made us successful, without whom we would not have received this award.”

Asad Jamal, chairman of ePlanet Ventures noted, “This award recognizes the strength of our global team and our global footprint. We are committed to advancing innovation and excellence among our portfolio companies throughout the world.”

The ASIA M&A ATLAS AWARDS, presented annually by Global M&A Network, acknowledges notable and distinct accomplishments in the mergers, acquisitions, alternative investing and related industries in the Asia Pacific region. The award honors firms that have shown excellence in their field based on a rigorous set of criteria.

About ePlanet Ventures:

ePlanet Ventures is a leading global venture capital firm with offices in Silicon Valley, London, Bangalore, Beijing, and Seoul. ePlanet Ventures has funded over 90 innovative high-growth companies world-wide, including landmark deals Baidu (NASDAQ:BIDU), Skype (sold to eBay for approx. US$3B in 2005), and Focus Media (NASDAQ:FMCN). ePlanet is one of the leaders in promoting the cross-border migration of technological innovation, business models and entrepreneurship. The Firm has made investments in sectors such as the Internet (consumer Internet, Internet services and applications), wireless communications and applications, VoIP and other broadband services, entertainment, semiconductor design, life sciences and other emerging services sectors. ePlanet also seeks to make investments in traditional, established industries where business-model improvements have the power to create category-dominant companies in the world's fastest growing markets. The firm has won the China Venture Capital Association Exit of the Year 2005 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." Asad Jamal, Chairman and CEO of ePlanet Ventures has been profiled in FORBES MIDAS List for 2007, 2008 and 2009 amongst the top 20 venture capitalists in the world.