« Only 30% ! | Main | irrational exuberance 2.0 »

May 23, 2005

US based VCs in India

This is definitely a new trend (ok not yet a trend !). Bay area VC firm investing in automotive sector in India -

Gurgaon-based publicly listed automobile components firm Rico Auto Industries Ltd. is to raise about $24 million (Rs. 103.2 crore) through a preferential allotment to Morgan Stanley, New Vernon Bharat, and Bessemer Venture Partners.

Looks like non-technology sector is catching interest of VC firms. Same New Vernon Bharat bought 25% of Jagran TV.  Hindi language based media will see more action in near future.

May 23, 2005 in Silicon Valley | Permalink


TrackBack URL for this entry:

Listed below are links to weblogs that reference US based VCs in India:


Hello Pls find enclosed details of a very unique and exclusive site which promotes Indian tourism to the fullest thus encouraging tourits all over the globe. Regards Rajeeb G.

Posted by: rajeeb | Feb 18, 2006 12:52:11 AM

The comments to this entry are closed.