Cisco invests in IDG Ventures India’s third fund

Sudhir Sethi, Founder and Chairman, Chiratae Ventures, formerly IDG Ventures India

Networking major Cisco Inc. has invested in IDG Ventures India Advisors’ third fund, which closed commitments of $208 million last year.

Cisco’s entry as a limited partner in IDG’a third fund will help IDG portfolio companies in enterprise software get access to a potential customer as well as a potential investor and acquirer, IDG Ventures chairman Sudhir Sethi said in an interview.

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