Nokia ventures, BlueRun pact to invest in India

BANGALORE: Global venture capitalist firms (VC's) - London-based Nokia Ventures and the California-headquartered BlueRun have decided to focus on India by forming a joint initiative to single out and invest in Indian companies.

As an early stage fund, BlueRun Ventures will invest mostly in Series A and B, with initial investment ranging from $2 to $8 million. Nokia is BlueRun Venture's largest limited partner.

BlueRun Ventures is a global venture capital fund focused on early stage companies in the IT, mobile, and consumer electronics markets and Nokia Growth Partners' mid-to-late stage focus complements BlueRun Ventures investments, Nokia being the prime mover of both funds.

BlueRun Ventures established its office in New Delhi in 2004 and have invested in Pune based Nevis Networks in May of 2004. Nokia Growth Partners recently announced an investment in Bangalore based Sasken in April

Nokia Growth Partners , a $100M global mid- to late-stage venture capital fund, focuses on investments in mobile technology companies from around the world that are already experiencing industry adoption by large companies such as Nokia. BlueRun is targeting to close a $350 million fund shortly to increase the total amount it manages to $1 billion.

Founding Partner of BlueRun Ventures John Gardner said, "We have long viewed India as one of the most exciting and advanced technology markets in the world. The value proposition for investing in Indian companies creates some of the most significant, emerging opportunities for venture capitalists. We are pleased to have been an early investor in the region and are looking forward to furthering our efforts in working with entrepreneurs to bring technology innovations that touch the global economy to market."

Latest Reads
Ranjana Mangla joins Star Sports as VP - emerging sports

Ranjana Mangla has joined Star Sports as vice president - emerging sports, has learnt. Ranjana, who took charge of her new role on Monday, was the national revenue head of India Today TV in her last gig.

Television TV Channels Sports
Watch the World Television Premiere of Satyameva Jayate on 15th December only on Zee Cinema

We all have seen corruption and apathy in the government and police force etc.

Television TV Channels Movie Channels
Zeel channels most watched Hindi channels across genres

Two Hindi GECs from the Zee Entertainment Enterprises Ltd (Zeel) stable – free-to-air or FTA Zee Anmol and flagship pay TV channel Zee TV were once again the second and third most watched channels across genres in 2018 in week 48 (Saturday, 24 November 2018 to Friday, 30 November 2018).

Television TV Channels Viewership
Our shows will empower people to drive electoral discourse: Network18's Priyanka Kaul

The news genre has entered its peak time – election season. All news channels including Hindi, English and regional have started their election-based programming from the exit polls that took place on 7 December 2018. Election coverage is like the bread and butter for news channels since this is...

Television TV Channels News Broadcasting
Zee Kannada to launch a first-of-its-kind horror thriller fiction show – Aatmabandhana

Zee Kannada, every Kannadiga household’s hub of entertainment, further strengthens its fiction band with innovative content post the successful launch of Paaru.

Television TV Channels Regional
Diljit Dosanjh’s ‘Pagal’ & ‘Putt Jatt Da’ rakes in over Five Million Hits on Gaana each

Punjabi sensation Diljit Dosanjh’s newly released tracks ‘Pagal’ & ‘Putt Jatt Da’ have smashed charts on India’s largest music streaming app – GAANA with over five million hits within less than a month.

Television TV Channels Music and Youth
How Hindi news channels perform on counting day

News viewership is event-driven – either scheduled or unscheduled. Elections are certainly the most important of all special or scheduled events.

Television TV Channels Viewership
Khelo India Youth Games, Maharashtra 2019 is Bigger and Better!

Building on the roaring success of the inaugural edition of the Khelo India School Games, Ministry of Youth Affairs and Sports along with Star Sports kick started the countdown to Khelo India Youth Games, Maharashtra 2019 with an appeal to encourage India to play more- with the evocative ‘#...

Television TV Channels Sports
IndianOil to fuel Tata Open Maharashtra

Organisers of Tata Open Maharashtra today announced Indian Oil Corporation Ltd. coming on board as a valued partner for the 2nd edition of Tata Open Maharashtra to be played at the Mhalunge Balewadi Stadium, Pune.

Television TV Channels News Broadcasting

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories