India needs more local Venture Capital firms for stable ecosystem

Photo: Freedigitalphotos.net, By fantasista, Image ID: 100348893

Sudheer Kuppam has moved on from Intel Capital, chipmaker Intel Corp.’s corporate venture capital arm, to start his own venture, Epsilon Venture Partners. The firm’s debut fund will raise $400 million to invest in technology start-ups across Asia, including India. Singapore-based Kuppam takes the entrepreneurial plunge after 15 years of being at the helm of Intel Capital’s investments in India and the Asia-Pacific region.

Closer home, Sajjan Jindal, promoter of the $11 billion steel-to-infrastructure JSW Group, is reportedly starting a $15 million venture capital fund called JSW Venture Fund. It will be overseen by Jindal’s son Parth Jindal and will target technology and Internet start-ups.

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