U.S. venture capital firm Greylock Venture Partners, which has about $2 billion under management, has made its India entry. [via Business Standard]
The firm, which has backed Facebook, made its first Indian investment through the growth-stage venture funding of TechProcess (formerly BillJunction) via its $500 million global fund. Plans are on for an India-specific fund at a later stage as volumes increase. Greylock’s current areas of focus in India include technology and technology-enabled services including IT product companies, consumer Internet, mobile and services across verticals.
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