Funding Flows to Indian Startups

China may seem to get all the love from venture capitalists looking to invest abroad. And Brazil is coming on fast. But don't count out India (another in the so-called BRIC nations, with the final one being Russia), which is clearly becoming a target for investors on the hunt for innovative companies.

That’s evident in a new fund announced today by Accel Capital Partners. The Silicon Valley firm has raised $155 million from what it calls top-tier investors to place bets on early-stage Indian companies, according to a report in Portfolio.com

"While traditional venture capital and growth equity have been increasingly drawn to India over the past several years, the true seed and early-stage markets are still underserved, attracting relatively smaller amounts of capital. We have seen a significant increase in entrepreneurial activity in the last few years, and in particular, we are pleased to see strong momentum from Internet companies in India. We believe that our global experience and expertise will help us become the preferred partner for many top-class entrepreneurs in this space," said Subrata Mitra, partner at Accel.  >>More here

SOURCE:  portfolio.com