Google invests in early stage Indian VC funds

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.

Mayfield Fund to invest in Tejas Networks as well as venture capital firm Seedfund

Silicon Valley-based venture capital firm Mayfield Fund has invested an undisclosed amount in Tejas Networks, a provider of next-generation optical networking products for global markets and in Seedfund, a seed stage technology venture capital firm.

Although Mayfield has in the past invested in companies whose development centers are in India, as well as in the off-shoring activities of portfolio companies, this announcement marks the venture fund's first direct foray into an Indian company. Mayfield Fund is one of the names which has been making the rounds in investment banking circles as one of the potential investors in boutique i-bank Avendus Advisors (See Related Post).

Read the Business Standard article.