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Norwest Venture Partners to invest $250m in India
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More features on Industries

Norwest Venture Partners to invest $250m in India

To fund in Technology, consumer Internet, mobile and media sectors

Hyderabad, April 26, 2006

The Managing partner of Norwest Venture Partners (NVP) Mr. Promod Haque said on Wednesday, that it will be investing up to $250 million of its new $650 million fund in Indian Companies especially in Technology, consumer Internet, mobile and media sectors. He said that NVP is currently has over $2.5 billion investment in various companies in the US, India and Israel was bullish about the prospects of technology firms in India and continue to make investments in Indian Companies in Mumbai, Bangalore and Hyderabad which have potential to create value in the enterprise software, wireless software solutions and telecommunications.

Norwest Venture Partners' "hybrid" and direct investments in India include companies like AmberPoint, Cast Iron Systems, Callable, GXS, LifeSize and Open Silicon.

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Andhra Pradesh on April 26, 2006

High Court gives clean chit to Naidu
Says land allotment decision is by state cabinet

Chief Minister rules out Basara IIT
Says Centre is keen on upgrading Engineering Colleges

Norwest Venture Partners to invest $250m in India
To fund in Technology, consumer Internet, mobile and media sectors

Consultants for Metro Rail project selected
MRTS project to come up in BOT basis

Builders will develop markets
Municipal Corporation to loose rights

Excise Commissioner in ACB net
Assets worth over Rs. 3 crores found

Narayana Reddy elected as Kanaka Durga Temple Chief
Trust Board elects Chairman amidst tight police security

Softball trials on April 28
Selected teams to participate in inter-district championship

April 26 in History

Events and happenings on 26 April in History

26 April 2001
Highlights: CM releases Andhra Pradesh State Credit Plan for 2001-02.

26 April 2002
Highlights: CM inaugurates Anti-Child-Labour program at Kuppam

26 April 2003
Highlights: CM visits Nellore

26 April 2004
Highlights: Two killed in poll violence

26 April 2005
Highlights: Rajakumari shifted to hospital

26 April 2006
Highlights: High Court gives clean chit to Naidu

26 April 2007
Highlights: Narendra vows to dish out on KCR