Google Increases Its Investment In Indian Venture Funds

contentSutra.com (Nov 3 2007)

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Markets: Bollywood, Gaming, Maps/Local, Mobile, Outsourcing, Social Networking, Telecom, Travel, Video
Financing: Acquisition, Funding

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  1. Google, which has previously complained of dearth of early-stage funding for startups in India, has been doing its bit by investing in 3-4 seed funds previously. Now it has made an additional investment of undisclosed value in Ventureast Tenet Fund II, a seed-stage fund run by The Telecommunication and Computer Networking Group of the Indian Institute of Technology (Chennai). It also has joined the Indian Angel Network, an organization of professionals and companies dedicated to supporting entre (Read Full Article)

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