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,…
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India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
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