In what will be its third investment in Indian venture capital funds, Google has acquired 30 percent in Ventureast TeNet Fund II, a SEBI registered venture capital fund, for Rs 15 crore ($3.75 million). [via VC Circle]. Earlier this year, Google invested undisclosed amounts in Seed Fund and Erasmic Venture Fund. Ventureast TeNet Fund, managed by Ventureast Fund Advisors India Ltd., began with a corpus of $15 million with a mandate to finance start-ups in the telecom and IT industries. It typically will invest $2.5 million $10 million in an early stage venture, reports VC Circle.
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
["wijax_f16d275461f35e38a301c376f9b86a1e","wijax_eabf4472243e6e0bcf7615c8532b501e"]
{"source":"https:\/\/gigaom.com\/2007\/07\/23\/419-google-aquires-30-percent-in-ventureast-tenet-fund-ii\/wijax\/49e8740702c6da9341d50357217fb629","varname":"wijax_55031707ecaddffe888757cb5d0b44f7","title_element":"header","title_class":"widget-title","title_before":"%3Cheader%20class%3D%22widget-title%22%3E","title_after":"%3C%2Fheader%3E"}
{"source":"https:\/\/gigaom.com\/2007\/07\/23\/419-google-aquires-30-percent-in-ventureast-tenet-fund-ii\/wijax\/49e8740702c6da9341d50357217fb629","varname":"wijax_55031707ecaddffe888757cb5d0b44f7","title_element":"header","title_class":"widget-title","title_before":"%3Cheader%20class%3D%22widget-title%22%3E","title_after":"%3C%2Fheader%3E"}
Comments have been disabled for this post