Monday, April 17, 2006

Moneycontrol India > News > Norwest Venture Partners announces $650mn NVP X > > Business > Norwest Venture Partners X

"Promod Haque's VC firm - Norwest Venture Partners has announced the formation of NVP X to invest in global, next-generation technology companies. Heavy focus will be on consumer internet, mobile and media sectors. "

India Outlook

"NVP has invested in more than 20 “hybrid� or “cross border� companies (companies that are headquartered in the US, but have a significant presence in India). The firm has also made two direct investments in India during the last five months, and will be announcing additional investments in the first half of 2006. Most recently, NVP invested in Yatra Online, the first online and centralised travel services company for the India market, and Persistent Systems, a leading provider of outsourced software product development."

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