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IDG Ventures to invest Rs 300 crore in India

Venture capital firm IDG Ventures India plans to invest Rs 300 crore over the next two years across software, telecom, mobile, security and digital consumer markets.
Some of the technology and tech-enabled sectors in which IDG Ventures India is interested include mobile value added services (MVAS) in light of the much awaited 3G rollout, software products such as business intelligence (BI) and analytics in retail, telecom and BFSI, education, healthcare, clean tech and manufacturing including robotics and aeronautics. The early-stage venture capital fund is primarily focusing on Bangalore, Mumbai, Delhi, Chennai, Hyderabad and Pune.
Sudhir Sethi, MD of IDG Ventures India said, “Now with the markets improving and a stable political environment we feel it is a very good time to invest in India.”
IDG Ventures India has invested about 40 per cent of its Rs 750cr corpus.

Source: My Digital FC

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