NEA IndoUS Ventures raises $189M for investing in India

July 17, 2007 | Matt Marshall

NEA IndoUS, a new venture capital firm sponsored by Silicon Valley’s New Enterprise Associates to invest in India, has raised $189 million for the effort.

The fund has crept up from the original target of $150 million when we wrote about the plans a year ago.

NEA tapped Vinod Dham — known as “father of the pentium” chip for his work at Intel — for the effort, along with Vani Kola, whose first start-up, RightWorks, was acquired in 2000 by Internet Capital Group (ICG) for $657 million.

See the Merc’s story today for the latest details.

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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.