Bertelsmann India Investments (BII), the Indian investment arm of the German media conglomerate Bertelsmann, has informed that it is investing "a multi-million-dollar amount" in India-focused investment vehicle Digital Nirvana Fund Co. Ltd. This fund specifically invests in early-stage startups in the digital sector and is managed by the Indian venture capital Nirvana Venture Advisors, which currently manages two funds with a total endowment of $40.5 million. Nirvana Ventures Advisors has made five investments in India so far - talent measurement and talent analytics platform Jombay (formerly YourNextLeap) in August 2011, online gaming company Games2Win in March 2012, prepaid payments program manager TransServ in July 2012, healthcare information exchange and authentication solution provider Remedinet (formerly HealthSprint) in January last year, and product review site Reviews42 in April last year. Bertelsmann in India Shobhna Mohn, Executive Vice President Emerging Markets at Bertelsmann said that they "now have holdings, with three partners, in renowned funds in India…
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