Cisco Investments, the corporate venturing arm of networking equipment manufacturer Cisco, has committed an undisclosed amount to venture capital firm IDG Ventures India’s third fund, the Economic Times reported on Tuesday.
IDG Ventures India had initially targeted a $200m close for the fund but achieved a $208m close in 2017. The size of Cisco’s investment has not been disclosed but Sudhir Sethi, chairman of IDG Ventures India Advisors, claimed it was the corporate’s largest commitment in India to date.
The…
