IDG Ventures is raising its second fund and according to local business news reports, is looking to High Net Worth investors and family offices from India to meet its fundraising needs.
The next fund target is above Rs 1,000 crore ($159m) and will be committing funds raised to start-ups, an area of the venture capital market that High Net Worth Individuals and family offices are interested to get access to due to favourable regulation and the promise of healthy returns.
“The year 2014 is the starting point for rupee funds. They will be a major factor in the success of Indian technology firms,” said Sudhir Sethi, founder-chairman and managing director of…
