IDG awaits nod for VC fund

International Data Group (IDG), which has commenced its India operations, is looking at starting a venture capital (VC) fund in India, if Foreign Investment Promotion Board (FIPB) gives its approval. The company has made an allocation of $200 million for its ‘long-term’ plans for India. “We have a VC fund in China. We are looking at similar VC fund in India also. We have applied for approval in August 2004, but we are disappointed with the delayed process. We are six months behind our plans.

Source: Financial Express

For more information, please contact:
Howard Sholkin
howard_sholkin@idg.com
617-239-7882