TC Meenakshisundaram and Hemir Doshi of IDG Ventures, which is raising its second India-focused fund, will join the board of Agile.

IDG Ventures India, a corporate venturing unit of US-based publisher International Data Group, has invested $5.7m in the series A round of Agile Financial Technologies, a software provider.

TC Meenakshisundaram and Hemir Doshi of IDG Ventures, which is raising its second India-focused fund, will join the board of Agile.

Meenakshisundaram, founder and managing director of IDG Ventures India, said: "The way forward for the Indian IT industry is to move up the value chain and offer home-grown software products for…

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