Greylock Partners enters Indian VC market

Greylock Partners, the US based VC firm, with about $2 billion under management, has entered the VC market in India. Some of Greylock’s notable investments include - Facebook, LinkedIn, Digg and DoubleClick.

They have invested in TechProcess (formerly known as BillJunction), a player in the payment processing services industry. The size of the investment was not revealed.

Speaking on what other areas they will focus on, Greylock says:

“Greylock has a long-term commitment to help build world-class companies in India with potential to become industry leaders in domestic and/ or global markets. Our current areas of focus in India include technology and technology-enabled services including IT product companies, consumer Internet, mobile and services across verticals”

via BS

Similar Posts

• How hot is consumer Internet space in India ?
• Inventus Capital launches $125 million fund for early growth Indian companies
• Internet is taking off in India, says Avnish Bajaj

Comments

One Response to “Greylock Partners enters Indian VC market”

1. Jason Vu on August 22nd, 2007 4:58 am

   India is a hot destination for VCs now.