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Venture Capital firm Sequoia Capital will invest $500 million to $600 million in the next couple of years in Indian companies focused on the internet mobile, specialised retailing, telecom and knowledge process outsourcing space. [via Hindu]
The firm has already invested $600 million to $700 million in 40 Indian companies including Cafe Coffee Day, Idea Cellular, Paras Pharmaceuticals, shaadi.com, SKS microfinance. Sequoia Capital India's Associate Ravi Shankar expects India's venture capital business to grow further from its current $15 billion to $20 billion size.
Separately, Bessemer Venture Partners has appointed Devesh Garg ... (Read Full Article)
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Markets: Bollywood, Gaming, Maps/Local, Mobile, Outsourcing, Social Networking, Telecom, Travel, VideoFinancing: Acquisition, Funding
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