The media conglomerate has invested a 'multi-million dollar' sum in the Digital Nirvana Fund, which targets early-stage digital businesses.
Media corporation Bertelsmann has invested a ‘multi-million dollar’ amount in the Digital Nirvana Fund, an early-stage fund run by India-based early-stage venture capital firm Nirvana Venture Advisors.
Nirvana manages two funds with a total endowment of $40.5m, and targets early-stage digital startups.
The three India-based startups in Bertelsmann’s portfolio comprise an online home and lifestyle store Pepperfry, India Property Online, an information site for buying, selling and renting properties in India, and online learning and teaching platform WizIQ.
Shobhna Mohn,…
