Seedfund Raising $30 Million Fund?

Entities Mentioned

• Business Standard
• Reliance ADAG
• Motorola
• Mumbai Angels
• Mahesh Murthy
• Kanwal Rekhi
• Carwale
• Sierra Ventures
• Pravin Gandhi
• Bharati Jacob
• Sridar Iyengar
• Jagadeesh
• B Chandrasekhar
• Sequoia Capital India
• Erasmic Ventures

1. Mumbai-based Seedfund, the early stage venture capital fund launched in 2006, may raise a second fund of $30 million, reports Business Standard, quoting sources. Seedfund, founded by Pravin Gandhi, Mahesh Murthy and Bharati Jacob, had raised about $10-15 million for its first fund. Our mail to Mahesh Murthy to confirm the development is unanswered till the post is written. The investors of Seedfund I include search giant Google (NSDQ: GOOG), Reliance ADAG, Motorola (NYSE: MOT) and US based venture capital funds like Sierra Ventures and Mayfield. The individual investors in Seedfund included ... (Read Full Article)

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