Cisco takes India seriously, to the tune of $1 billion
Cisco announces a $1 billion bet on India, including a $100 million fund to invest in Indian start-ups. This is a shift. India was once considered primarily a great place for outsourcing. Now Cisco, which is one of Silicon Valley’s biggest companies, is taking it seriously as a place to invest directly, and build products from the ground up. It is seeing its product sales in India increase too. It is tripling its staff there. Here’s the Mercury News story today. We should mention that two other Silicon Valley household names, Oracle and Intel, are also there in a big way.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
