Draper Fisher Jurvetson Plans $200 Million India Fund

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Business Standard: Former Hotmail investor is setting up a $200 milion fund for India. Silicon Valley based venture capital fund Draper Fisher Jurvetson will invest $200 million in India over the next five years, its founder and managing director Tim Draper said. Draper Fisher Jurvetson is a seed and early stage venture capital investor.
“We are going to have a dedicated India fund and are looking for senior advisers and potential managing directors,” said Draper who had earlier funded Hotmail, the free Internet e-mail service founded by Sabeer Bhatia and eventually sold to Microsoft Corp.
His company entered China ahead of others and had successfully taken public five of its 10 companies there. “India is in the same position now. It is a gut feel,” Draper said, adding he was looking for early stage technology companies.

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