New Enterprise Associates Upbeat About Mobile Sector In India

US venture capital fund New Enterprise Associates thinks India story is mobile story. That’s one of the dominant investment themes of NEA in India. In a podcast interview to Kamla Bhatt, Kittu Kolluri, General Partner, NEA, says they will look at investing in companies in the mobile sector. NEA has floated a new fund for India – NEA Indo-US Ventures – which will invest in early stage tech ventures. The fund is yet to be closed. Guys, think about ideas that can leverage India’s mobile subscriber base. Broadband base is yet to kick off. It’s 116 million (mobile) versus 1.7 million.

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