Update: It appears that Sequoia Capital India and IDG Ventures are also raising new funds: - Sequoia Capital India is raising $500-$600 million, according to Fortune. Sequoia Capital India made 12 investments last year. It has recently invested $13 million in Bankbazaar along with Walden International, $37 million in Zomato along with Info Edge, $15 million in Cardekho, $2 million in CitrusPay, among others. It also exited Prizm Payments, which it had invested $15 million in. - IDG Ventures is raising a Rupee Fund, from Indian investors. It's targeting a fund raising of over Rs 1000 crore, which is approximately $160 million, reports The Times of India. Earlier (20th January 2014): More money available for startups in India, it appears: - Inventus Capital has closed a $106 million fund for backing Indian and US based startups. Inventus' previous investments include Dhingana, Policybazaar, Unbxd, Savaari, Vizury, CBazaar, FundaIndia, Sokrati, Power2SME, Redbus, Telibrahma and PoshMark. Among these, the Fund II investment include Unbxd and Policybazaar, which are Internet firms. It plans to invest in 20-25 firms from this current fund. The fund has a teams in Silicon Valley and Bangalore, and invests in both geographies. According to its Press Release, "Inventus has particular interest in and experience with digital services businesses, particularly business software, internet marketplaces, mobile apps, and technology enabled services addressing a wide variety of consumer and business-oriented industries. Inventus prefers to lead a company’s first institutional round and can invest up to $10 million as a company grows." More here - Blume Ventures is raising a $50 million India specific fund in May or June,…
Investment
Updated: VC Firms Sequoia, IDG, Inventus, Blume & Mayfield Raising More India Specific Funds
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...