Press Esc to close
Thursday 11 February 2016
News updated at 1:36 AM IST
Weather
Max: 33°C
Min : 19°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
Rescuers carrying out the operations to search for the bodies...

Rescuers carrying out the operations to search for the bodies...

Lance Naik Hanumanthappa Koppad's mother and wife at their home in Betadoor village in Hubli on Tues

Lance Naik Hanumanthappa Koppad's mother and wife at their home in Betadoor village in Hubli on Tues

Pakistani weightlifters celebrate after Md Nooh Dastgir won...

Pakistani weightlifters celebrate after Md Nooh Dastgir won...

Gold medalist Bidyaluxmi Tourangbam, silver medalist Lidiyamol Sunny...

Gold medalist Bidyaluxmi Tourangbam, silver medalist Lidiyamol Sunny...

Gold medal winning Indian team with other medallist teams...

Gold medal winning Indian team with other medallist teams...

India's Dipika Karthik and Mihilya Methsarani of Sri Lanka in...

India's Dipika Karthik and Mihilya Methsarani of Sri Lanka in...

Gold medal winner WKLA Nimali of Sri Lanka, silver medallist...

Gold medal winner WKLA Nimali of Sri Lanka, silver medallist...

Devotees gather to take holy dip at Har ki Pauri on the occasion of Somvati Amavasaya...

Devotees gather to take holy dip at Har ki Pauri on the occasion of Somvati Amavasaya...

A view after heavy snowfall in Kufri near Shimla...

A view after heavy snowfall in Kufri near Shimla...

Assam Chief Minister Tarun Gogoi dressed as Lord Ram during the Nagaon Bhaona Samaroh...

Assam Chief Minister Tarun Gogoi dressed as Lord Ram during the Nagaon Bhaona Samaroh...

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