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Google announces two partnerships
Mumbai, Oct 29 (UNI) Google today announced two partnerships as its commitment to foster innovation in India.
Google has invested in the early stage venture capital fund Ventureast TeNet Fund II -- a seed-stage fund run by the Tenet Group of IIT, Madras and Ventureast Fund Advisors.
Google has also joined the Indian Angel Network, an organization of professionals and companies dedicated to supporting entrepreneurship in India.
In
a
statement
here
today,
Google
head
of
corporate
development
for
South
Asia
Samir
Sood
said,
''The
early
stages
of
venture
capital
financing
are
underserved
in
the
Indian
market,
despite
their
critical
importance
to
the
innovation
chain.
These
partnerships
will
help
us
nurture
the
growth
of
start-ups
and
build
a
dynamic
entrepreneurial
environment
in
India.''
UNI
AR
MAZ
VKG1610
