DFJ To Raise $400mn Fund [15% for Indian Market]

DFJ plans to raise$400mn by next year, out of which the company plans to invest 15% in Indian market (i.e. $60mn). DFJ’s last round was $650mn, i.e. the fund raising…

DFJ plans to raise$400mn by next year, out of which the company plans to invest 15% in Indian market (i.e. $60mn).

DFJ’s last round was $650mn, i.e. the fund raising this time is 40% lesser than the earlier round (source).

Since 2005, DFJ has invested over $75 million in 18 firms in India and some of their portfolio companies include cleartrip, canvera, mchek and Komli.

Recently, Norwest Venture Partners raised $1.2Bn to expand in India and Israel.

Now that VC industry is booming back, we hope angels do come back and start investing smaller amounts in startups.

Sign Up for NextBigWhat Newsletter

Daily.