Press Esc to close
Thursday 30 July 2015
News updated at 5:17 PM IST
Weather
Max: 19°C
Min : 32°C
In Bengaluru
Rain lightly

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
People worship a bull during Bendur festival in Sangli on Wednesday...

People worship a bull during Bendur festival in Sangli on Wednesday...

Fire brigade and NDRF personnel rescue a person stuck in the three floor Matru-Chhaya...

Fire brigade and NDRF personnel rescue a person stuck in the three floor Matru-Chhaya...

Students of Patna Women's College wear tiger masks to create awareness to save tigers...

Students of Patna Women's College wear tiger masks to create awareness to save tigers...

Monsoon clouds over the Royal Palace in Agartala on Wednesday...

Monsoon clouds over the Royal Palace in Agartala on Wednesday...

Police firing tear gas shells to disperse protesters at a mass protest rally on the second...

Police firing tear gas shells to disperse protesters at a mass protest rally on the second...

Tamil Nadu Governor K Rosaiah pays his last respects to the former president APJ Abdul...

Tamil Nadu Governor K Rosaiah pays his last respects to the former president APJ Abdul...

School students hold up a picture in tribute to former President APJ Abdul Kalam in Gurgaon...

School students hold up a picture in tribute to former President APJ Abdul Kalam in Gurgaon...

A Military Vehicle carrying the mortal remains of former President APJ Abdul Kalam...

A Military Vehicle carrying the mortal remains of former President APJ Abdul Kalam...

Tri-services personnel carry the mortal remains of former President APJ Abdul Kalam...

Tri-services personnel carry the mortal remains of former President APJ Abdul Kalam...

Soldiers escort a gun carriage carrying the body of former Indian President A. P. J. Abdul Kalam...

Soldiers escort a gun carriage carrying the body of former Indian President A. P. J. Abdul Kalam...

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