$25 Million Nasscom Innovation Fund To Be Operational In 3 months

Entities Mentioned

• ICICI Bank

1. [by Cerius Shah] There seem to be more seed capital announcements floating around than business releases these days. The National Association of Software and Services companies have launched a $25 million seed fund in collaboration with ICICI Knowledge Park. Investors also include Tata Consultancy Services and Airtel. The fund is expected to be operational in three months with follow on rounds expected to be in the range of $40 to $50million.  (Read Full Article)

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