Press Esc to close
Saturday 29 August 2015
News updated at 11:56 PM IST
Weather
Max: 30.1°C
Min : 19.6°C
In Bengaluru
Partially cloudy

IDG Ventures raising $150 m to fund startups

Bangalore, Oct 27, 2012, DHNS:

IDG Ventures India Advisors Pvt Ltd, a venture capital fund, would soon be raising about $150 million to fund predominantly technology startups, after raising a similar amount in 2007, according to a senior analyst at the company.

“The amount is being raised as part of our second round, as we see an increasing interest among investors in India,” said senior analyst Soumitra Sharma, at the “UK-India Opportunities in the ICT Sector” on Saturday organised by UK Trade & Investment, the British Deputy High Commission and yourstory.in, an online platform of entrepreneurs.
 
He said huge business opportunities exist in the e-commerce space in India, which is poised to reach $23 billion by 2015, aided by the rise in Internet users from the current 150 million to 450 million by that year, quoting from an Internet and Mobile Association of India report.

He also said that India is increasingly becoming a global hub for innovation, as evidenced by the fact that 30 per cent of the top 100 global firms have their research and development centres in India.


Go to Top

Photo Gallery
Ex-servicemen celebrate Raksha Bandhan even as they continue their...

Ex-servicemen celebrate Raksha Bandhan even as they continue their...

Priest of Kumkum Swaminarayan temple gives final touch to a...

Priest of Kumkum Swaminarayan temple gives final touch to a...

Congress Vice President Rahul Gandhi paying obeisance at Hazratbal Shrine, in Srinagar...

Congress Vice President Rahul Gandhi paying obeisance at Hazratbal Shrine, in Srinagar...

Sand artist Manas Sahoo makes a sand art on the eve of Raksha Bandhan with a message...

Sand artist Manas Sahoo makes a sand art on the eve of Raksha Bandhan with a message...

A woman tying Rakhi to army soldiers on eve of Raksha Bandhan festival in Surat on Friday.

A woman tying Rakhi to army soldiers on eve of Raksha Bandhan festival in Surat on Friday.

Bollywood actor Ranbir Kapoor with fashion designer Manish Malhotra at his show...

Bollywood actor Ranbir Kapoor with fashion designer Manish Malhotra at his show...

Students celebrate Onam festival by making floral rangoli ‘pookalam’ at a public school...

Students celebrate Onam festival by making floral rangoli ‘pookalam’ at a public school...

Devotees watch a procession during Kumbh Mela or the Pitcher Festival in Trimbakeshwar...

Devotees watch a procession during Kumbh Mela or the Pitcher Festival in Trimbakeshwar...

Activists of Left Front affiliated peasants organisation break police barricades...

Activists of Left Front affiliated peasants organisation break police barricades...

Boys stand near the charred vehicles after the incidents of violence following the Patel...

Boys stand near the charred vehicles after the incidents of violence following the Patel...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523