– New Enterprise Associates will invest up to
$200 million in India, via
and soon-to-be opened Mumbai offices.
NEA’s most recent fund - NEA 12 - is one of the largest
investors in NEA-IndoUS Investors, a fund that invests in early stage companies
in the US and India. While the firm has
been selectively investing in India
for some time, it is upping the ante with its decision to open offices there. NEA believes that India offers a friendly environment
for venture investing.
NEA invests in early and late-stage IT and health care
companies, and closed on its 12th fund last July, pulling in $2.5
billion in new funds.