Norwest Venture Partners Plans To Launch $1 Billion Fund

Norwest has just opened its second India office by roping in former Motorola veep Mohan Kumar as India-based executive director to be based out of Bangalore. It had recently brought in Niren Shah as the country head for India which also marked Norwest setting up its Indian office in Mumbai.
Pramod Haque told the media in Bangalore that the focus would increasingly be on harnessing and leveraging the reservoir of product and process innovation — much of it internet driven — that is available in India.
The venture fund has direct investments in tech driven India-based entities such as Sulekha.com, Yatra, Persistent Systems and Adventity.

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Norwest Venture Partners Plans To Launch $1 Billion Fund