Norwest Venture To Focus On Consumer Internet In India; Plans Listing Of Some Of The Portfolio Compa

Business Standard: Promod Haque, Managing Partner, Norwest Venture Partners, addressing media in Chennai, said that he will make significant investments in India in consumer internet space and also in outsourced product development and software product firms.
He said that booming middle class with higher purchasing power, growing broadband and wireless penetration and proven business models had attracted NVP to look at investments in consumer internet space.-

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