VC firm NEA on India expansion, focuses upto US$ 200 mn investment

Mumbai, Feb 19 (UNI) Venture Capital firm New Enterprise Associates (NEA) today announced its expansion operations in India with focus upto USD 200 million on traditional and emerging opportunities in the technology sector within the country.

Stating this at a media interaction here today, Mr Peter Barris, NEA Managing General Partner, said, ''We have been selectively investing in India for many years and believe the country offers an attractive environament for venture investing.'' Given our experience to date, we believe it is the right time to expand our investment focus in the region, he added.

NEA has strategically focused some of its technology investing efforts on high-growth markets in India, having invested in several Indian and India-US cross border companies.

It will primarily invest in early-stage IT investments indirectly, through NEA-IndoUS Ventures. NEA's direct investments will be primarily in mid to late-stage opportunities.

UNI