New Enterprise Associates, the large venture capital firm with offices in Silicon Valley and the East Coast, said it has expanded its operations in India.
NEA will make up to $200 million in investments into mid- to late-stage investments through its own Indian fund, called New Enterprise Associates (India) Pvt. Ltd, the firm said in a statement. Led by Ben Mathias as Vice President, the Indian operation will work closely with the firm’s U.S. team, the firm said.
The firm has already invested in several Indian and India-US companies, including Sasken, Telsima, Nevis Networks, Protostar, InSilica and GlobalLogic.
NEA also owns a 20 percent stake in one of India’s large early-stage technology investment firms, NEA-IndoUS Ventures.