Google has invested in Bangalore-based Seedfund and Erasmic, two early-stage venture capital funds. India is the first place where Google has made a limited partner investment in early stage funds. The company did not disclose the financial terms of the deals. Seedfund has backing from global leaders in venture capital space including Motorola Ventures, Reliance Capital and SVB Financial Group; international venture funds like Sierra Ventures and individual investors like Kanwal Rekhi, K B Chandrasekhar, B V Jagadeesh and Sridar Iyengar.
Read more in the CIOL.com article.
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