Clearstone Venture Partners, a leading early stage venture capital firm, has opened their advisory office in Mumbai. Rahul Khanna will head the Indian operations. The fund had recently invested $5 million in Indiaideas.com, which owns the bill payment company Billdesk.
Clearstone will focus its Indian investments on high-growth domestic consumption sectors including telecom, media, entertainment and financial services. Clearstone currently has $650 million of committed investment capital globally, with its most recent fund totaling $200 million. [Via Release]