Business Standard: Indian entrepreneurship is blooming. Which is why Intel has announced a $250 million technology venture fund, while NewPath Ventures has announced launch of its new fund of $200-300 million exclusively for India.
The roadmap announced by Craig Barret, CEO, Intel to set up this fund ($250 million) eclipses the China Fund which has a corpus of $200 million. This will be Intel Capital’s fifth fund.
Intel Capital has been operating in India for nearly five years and has invested in product companies such as Tejas and Subex and some successful software firms. According to industry analysts, this move by Intel will give tremendous impetus and focus to Indian technology entrepreneurship and will help in accelerate the software economy.
According to a report in The Economic Times, NewPath’s Vinod Dham says, -
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