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Friday, December 07, 2007

IDG Ventures India

IDG Ventures India is an early-stage venture capital firm investing in technology and technology-enabled companies, promoted by Sudhir Sethi. The fund has invested $ 2.5 million in iViZ, a network security startup in the security and vulnerability management market with an automated and on demand penetration testing product. This start-up was promoted by Bikash Barai, a double B.Tech from Indian Institute of Technology (IIT), Kharagpur in 'Computer Science' (Hons) and 'Architecture'; Masters in 'Computer Science and Information Technology' from IIT Kharagpur

IDG is scouting investment opportunities in four areas:

  • Software products and services with a focus on business intelligence, security and 3D technology
  • Engineering, electronics and life sciences with a focus on aero space, automotive
  • Medical electronics and renewable energy,
  • Digital consumer with a focus on Internet, mobile VAS and games and Telecom, semi conductor and wireless.
Source:Network computing

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