Google has joined the Indian Angel Network and invested in Ventureast TeNet Fund II.It is a fund run by the Tenet Group of IIT, Madras, and Ventureast Fund Advisors.
The Indian Angel Network is an organisation of professionals and companies dedicated to supporting entrepreneurship in India.
The Ventureast TeNet II fund invests in technology that enables early stage entrepreneurs to get their businesses off the ground. Emphasis is placed on technologies and solutions focused on small and medium-sized enterprises. “The early stages of venture capital financing are underserved in the Indian market, despite their critical importance to the innovation chain,” said Samir Sood, Google’s Head of Corporate Development for South Asia, in a release.
Courtesy: SifyBusiness.com
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