Release:
BlueRun Ventures and Nokia Growth Partners, two venture capital firms supported by Nokia Corporation, demonstrated their commitment to the Indian market with the addition of two new investment professionals and a new investment. BlueRun Ventures is a global venture capital fund focused on early stage companies in the IT, mobile, and consumer electronics markets. Nokia Growth Partners’ mid-to-late stage focus complements that of BlueRun Ventures.
As an early stage fund, BlueRun Ventures will invest mostly in Series A and B, with initial investment ranging from $2 to $8 million. Nokia is BlueRun Venture’s largest Limited Partner. Nokia Growth Partners is a $100M global mid- to late-stage venture capital fund and focuses on investments in mobile technology companies from around the world that are already experiencing industry adoption by large companies such as Nokia.
BlueRun Ventures established its office in New Delhi in 2004 when it brought on Sujit Banerjee as a Principal. The fund invested in Pune based Nevis Networks in May of 2004. Nokia Growth Partners recently announced an investment in Bangalore based Sasken in April. In addition, BlueRun Ventures’ India office has significantly increased focus and activity with the addition of Vineet Buch as a Principal, and Vasudev Bhandarkar as a Venture Partner. The two will jointly work with Banerjee to manage BlueRun Ventures’ Indian operations.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post