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Wednesday, May 10, 2000 This Fund is Da Bomb-bay Venus Capital Management has launched the first open-end India-focused technology fund.
The funds directors include John Gutfreund, former chairman, Solomon Brothers; Raj Singh, founder of Cerent, StratumOne and Redwood Venture Partners; and Atiq Raza, former president of Advanced Micro Devices. The fund intends to capitalize on the growth of India as a technology services hub. Director Singh said, "In the next decade, technology, particularly software, will mean to India what oil means to the Gulf." Printed from: MFWire.com/story.asp?s=25735 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |