NEA IndoUS Ventures raises $189M for investing in India
NEA IndoUS, a new venture capital firm sponsored by Silicon Valley’s New Enterprise Associates to invest in India, has raised $189 million for the effort.
The fund has crept up from the original target of $150 million when we wrote about the plans a year ago.
NEA tapped Vinod Dham — known as “father of the pentium” chip for his work at Intel — for the effort, along with Vani Kola, whose first start-up, RightWorks, was acquired in 2000 by Internet Capital Group (ICG) for $657 million.
See the Merc’s story today for the latest details.
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