Press Esc to close
Wednesday 20 August 2014
News updated at 8:05 PM IST
Weather
Max: 28.8°C
Min : 20.2°C
In Bangalore
Sunny day

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
A model at a promotional event of Rado watches in Lucknow  ...

A model at a promotional event of Rado watches in Lucknow ...

Rajnath Singh honours an awardee at the Scheme launch of “Mainstreaming Civil Defence in Disaster ..

Rajnath Singh honours an awardee at the Scheme launch of “Mainstreaming Civil Defence in Disaster ..

People paying floral tribute to the former Prime Minister Rajiv Gandhi on his birth anniversary ...

People paying floral tribute to the former Prime Minister Rajiv Gandhi on his birth anniversary ...

Sonia Gandhi along with Rahul and Priyanka paying tribute to Rajiv Gandhi ...

Sonia Gandhi along with Rahul and Priyanka paying tribute to Rajiv Gandhi ...

Shilpa Shetty walks the ramp for Masaba Gupta at the Lakme Fashion Week in Mumbai ...

Shilpa Shetty walks the ramp for Masaba Gupta at the Lakme Fashion Week in Mumbai ...

Showstopper Sushmita Sen at the ramp at Lakme Fashion Week Winter/ Festive 2014 in Mumbai ...

Showstopper Sushmita Sen at the ramp at Lakme Fashion Week Winter/ Festive 2014 in Mumbai ...

CRPF  jawans jubilate after their passing out parade at 227 Battalion of the foce in Bhopal ...

CRPF jawans jubilate after their passing out parade at 227 Battalion of the foce in Bhopal ...

Hyundai Motor India Limited Tapan Kumar Ghosh & Bedabrata Bordoloi at the launch of Elite i20 ...

Hyundai Motor India Limited Tapan Kumar Ghosh & Bedabrata Bordoloi at the launch of Elite i20 ...

Sonia Gandhi with  Sushma Swaraj during a function to commemorate Rajiv Gandhi's birthday ...

Sonia Gandhi with Sushma Swaraj during a function to commemorate Rajiv Gandhi's birthday ...

A model walks the ramp during at Lakme Fashion Week Winter/Festive 2014 in Mumbai ...

A model walks the ramp during at Lakme Fashion Week Winter/Festive 2014 in Mumbai ...

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