DFJ To Raise $400mn Fund [15% for Indian Market]
DFJ plans to raise$400mn by next year, out of which the company plans to invest 15% in Indian market (i.e. $60mn).
DFJ’s last round was $650mn, i.e. the fund raising this time is 40% lesser than the earlier round (source).
Since 2005, DFJ has invested over $75 million in 18 firms in India and some of their portfolio companies include cleartrip, canvera, mchek and Komli.
Recently, Norwest Venture Partners raised $1.2Bn to expand in India and Israel.
Now that VC industry is booming back, we hope angels do come back and start investing smaller amounts in startups.
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- NEA Closes $2.5Bn Fund – to focus on Cleantech and Healthcare
- Accel India closes $60mn Fund
- Indian Travel Industry roundup: TravelGuru to acquire Desiya, MakeMyTrip raises $15mn, Yatra plans IPO
About the author - Manish is an engineering student and is currently working on his startup idea.
