Loading ...Norwest Venture Partners (NVP), a leading Silicon Valley venture capital firm, has opened office in India. The firm, led by Promod Haque, is best known for its technology investments. Its portfolio has 60 companies including 20 that are based in the US but have an Indian presence. Five of its investee companies are based in India.
Norwest’s India operations will be based in Mumbai and headed by Niren Shah as managing director. Shah was earlier with eBay in the US as senior director of strategy and ventures and before that with KPMG’s corporate finance team in India.
Two more executives are likely to join the team in Mumbai as the fund expects to finalise more India investments. Unlike a few VC firms that have floated India specific funds, NVP makes all its investments from a global fund. The investments are across the US, India and Israel. The firm has around $2.5 billion under its management with the current fund at $650 million. Mr Haque said the number of India investments may to go up from 10% to 15% of the total fund size.
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that makes 7 VCs by my count in Bombay: Nexus, Matrix, Clearstone, SIDBI, Norwest, KPCB and Blue Run
4 in Bangalore: Helion, Sequoia, Nea Indo and SVB
1 in Delhi: Cannan
1 in Hyderabad: DFJ
But no Sand hill Road . Am I Right?
SVB, acts as a deal-flow channel for another 20-30 odd VC firms based in Silicon valley.
@RYK: surely you don’t mean that the funds you named are the only ones with an India presence?
Here are several more:
http://www.indiavca.org/investment.asp
http://www.us-ivca.org/members_vcfirm.asp
RYK,
Your list is not even 20% complete.
The other VCs in Blore are:
ePlanet Ventures, TGV Partners, UTI Ventures, IDG Ventures, Erasmic, Seed Fund, DFJ also has an office in Blore apart from Hyd, Nadathur Holdings, ICF Ventures (also Nova Star), Intel Capital etc.
Similarly there are numerous others in Mumbai as well
hi can any one please tell me where is NVP office based in mumbai or banglore i m looking out for their address or contact no. in india