Nokia skeptical of mobile-startups but hand-shake with big Corps

“The Business-Simplified” print version from Hindustan Times – Mint, carried an article today of Nokia’s skeptical view towards investments in mobile startups. BlueRun Ventures is a Menlo Park (CA, USA) and is backed by one of the world’s largest handset maker – Nokia. Being backed up Nokia, the viable notion is that they will be more towards mobile and mobile startups but the irony is they are indeed backing away from the mobile sector, specially from startups that targets the mobile value-added services (VAS).
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Nasscom-ICICI KP joins hands for a Rs. 100 crore VC fund

The onslaught of “economical, rapidly deployable” private equity funding in India is growing and it looks like 2008 will see another year of such phenomenal growth. Today, the Economic Times (India) carried a Press Release of a recent formation of a NasscomICICI Knowledge Park fund of Rs. 100 crore (roughly $25.45 million). The fund is aimed at providing seed capital to startups creating intellectual property.

The corpus fund will be operated independently and managed by a professional team. Tata Consultancy Services (TCS), ICICI Knowledge Park and Bharti Airtel are the anchor investors.

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China has most incubators for innovative start-ups, next to the United States

Recently in China, the Ministry of Science and Technology announced that it has over 548 incubators, the second most in the world next to the United States. They are considered powerful in breeding innovative start-ups. The ministry reported the incubators had helped to raise about 20,000 high technology companies with over 569 garnering an annual revenues of almost $14 million US Dollars. In addition, 53 were listed on either domestic or overseas stock exchanges.
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Venture Capitalist prefer investing in Startups to Stock Market

I was reading the Business & World section of the Hindustan Times and something caught my fancy – VCs prefer start-ups to stock market. The realm of VCs, Angel-funding, Startups is rather new in India and more importantly weird to most of the common Indian masses – be it IT, ITES, Programmers and budding entrepreneurs.

Many overseas Venture Capitalist and Non-resident Indian (including India returned Indians) have realized that investing in Indian start-ups would be far more rewarding than the country’s current booming stock market. This may, in a way, sound rather too optimistic with the fact that the Indian rupee is competing very well with the US Dollar at the moment (the US Dollar is lower than INR 40 at the time of writing this article).

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ComVentures buys 19.17% stake in India TV

ComventuresEarlier ComVentures have invested $20 million in an Indian TV – NDTV which I think is about 25% stake. Comventures, in its continuing spree of heavy investment in India have continued to buy another major stake option in India TV, a 24×7 Hindi news channel of Independent News Services Pvt. Ltd. The investment of over Rs. 50.96 crore (about $11.5 million) amounting to 19.17% stake in Independent News Services Pvt. Ltd. puts India TV worth to the tune of Rs. 250 crore.
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