Draper Fisher Jurvetson Plans $200 Million India Fund
Business Standard: Former Hotmail financial specialist is setting up a $200 milion subsidize for India. Silicon Valley based investment finance Draper Fisher Jurvetson will put $200 million in India throughout the following five years, its organizer and overseeing chief Tim Draper said. Draper Fisher Jurvetson is a seed and beginning period funding financial specialist.
"We will have a devoted India subsidize and are searching for senior counsels and potential overseeing executives," said Draper who had before supported Hotmail, the free Internet email benefit established by Sabeer Bhatia and in the end sold to Microsoft Corp.
His organization entered China in front of others and had effectively taken open five of its 10 organizations there. "India is similarly situated at this point. It is a gut feel," Draper stated, including he was searching for beginning period innovation organizations.
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