IDG ventures has initiated a tech fund of $200 million specifically for India-based tech startups. This is the third fund set up by the firm targeting the Indian market, its first was back in 2007 where they had created a fund of $150 million and then in 2013 they had raised $175 million.
The VC firm has been actively investing in tech startups, specifically in the field of internet and mobile, engineering and software. Its recent investment included companies like Rentomojo, Zimmber and Bidgely. IDG’s portfolio include companies like Myntra, Flipkart, Yatra etc.
The Indian division of the firm was launched by Manik Arora, Sudhir Sethi and TC Meenakshisundaram in 2006. In recent news Ratan Tata was included in the firm as a senior advisor. Also, he has invested in many startups but the total amount of investment has not been disclosed till now.