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Promod Haque on the look-out for funds
By siliconindia staff writer | Tuesday, 29 June 2004, 00:00 Hrs
NEW DELHI: World's top venture capitalist Promod Haque of Norwest Venture Partners is in talks with five software product companies in India for funding.
"We are talking to four-five product centric companies in India for funding. These companies are in telecom and enterprise software product space," Haque, Managing Partner of Norwest who was named top venture capitalist on the annual Forbes Midas List for 2004, said.
A few months back Norwest had invested in Bangalore-based Epiance.
"Epiance was a consultancy and services company and then it went on to develop a product. It has 10 people in US and 90 doing development work in India. We are looking for more such companies in India," he said.
Norwest also has plans to bring together people with right product background and float a company to serve the US market.
"We are talking to four-five product centric companies in India for funding. These companies are in telecom and enterprise software product space," Haque, Managing Partner of Norwest who was named top venture capitalist on the annual Forbes Midas List for 2004, said.
A few months back Norwest had invested in Bangalore-based Epiance.
"Epiance was a consultancy and services company and then it went on to develop a product. It has 10 people in US and 90 doing development work in India. We are looking for more such companies in India," he said.
Norwest also has plans to bring together people with right product background and float a company to serve the US market.
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