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IDG Picks India for its Annual Meet

Saheer Karimbayil
Monday, June 1, 2009
Saheer Karimbayil
IDG Ventures family of funds has chosen India for the first time from among five countries - China, India, Vietnam, South Korea, and the U.S. - to hold their annual global review meeting. Last year’s annual meet of the company was held in China. The move comes even as IDG Ventures India has finished over two years of operations and has established a leadership position in early stage technology funding. Sudhir Sethi, Founder, Chairman, and Managing Director, IDG Ventures India says, “With the markets improving now and a stable political environment in place we feel that it is a very good time to invest in India. We have already committed Rs. 300 crore to our existing investments across verticals in IT. We intend to commit another Rs. 300 crore over the next 24 months.” Some of the sectors of interest to IDG Ventures India are MVAS in the light of the impending 3G rollout, software products such as business intelligence (BI) and analytics in retail, telecom and BFSI, education, healthcare, digital entertainment, clean tech, and manufacturing.
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