International Data Group Inc. is continuing its global venture-capital push with the launch of a new India fund, while also taking a deeper look at Korea and Eastern Europe.
The Boston-based technology media publisher houses a network of venture capital affiliates in Boston, San Francisco, China and Vietnam, through its IDG Ventures arm. Its latest venture is opening the doors in Bangalore, where it will meet stiff competition from several U.S. firms eager to tap India’s vast potential.
In an interview with VentureWire, IDG founder and Chairman Patrick McGovern said his company dedicated $150 million to IDG Ventures India Fund I in July to invest in a variety of early-stage technology companies. The fund plans to begin investing in October. (Source: VentureWire)
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IDG Ventures’s $150-Million India Fund To Start Investing In October | ContentSutra said:
[...] VentureBeat: International Data Group has launched its $150 million India fund dedicated for early stage firms in India. The fund will be based out of Bangalore. The Boston-based technology media publisher also has venture operations based out of Boston, San Francisco, China and Vietnam, through its IDG Ventures arm. In an interview with VentureWire (under sub. wall), IDG founder and Chairman Patrick McGovern said the fund will begin investing in October. Comments (0) | Venture Capital | Permanent Link | Trackback [...]