Patrick McGovern, chairman and founder of International Data Group, said the IDG Ventures India Fund for early-stage deals would target $175m and have an upper limit of $200m.
International Data Group (IDG), a US-based technology research and media group with $3bn in annual revenues, is starting to raise its second India-focused corporate venturing fund.
Patrick McGovern, chairman and founder of IDG and an advisory board member of Global Corporate Venturing, said the IDG Ventures India Fund for early-stage deals would target $175m and have an upper limit of $200m.IDG will commit a quarter of the total raised, he added.
IDG committed $150m to its first India fund in…
