Venture Capital Firm NEA Announces India Expansion:- Focus on traditional and emerging opportunities in the technology sector
New Enterprise Associates is expanding operations in India. Led by Ben Mathias as Vice President, the Indian operations will work closely with NEA's US-based technology team as it focuses up to US $200M in investments in several technology sectors within India. With US offices in California, Virginia and Maryland, NEA is one of the world's largest venture capital firms with $8.5 billion in committed capital across 13 funds.
Tweet-- New Enterprise Associates (India) Pvt. Ltd. is expanding operations in India. Led by Ben Mathias as Vice President, the Indian operations will work closely with NEA’s US-based technology team as it focuses up to US $200M in investments in several technology sectors within India. The India expansion is in line with NEA’s strategic plans to develop a presence in the emerging markets of India and China. With US offices in California, Virginia and Maryland, NEA is one of the world’s largest venture capital firms with $8.5 billion in committed capital across 13 funds.
“We have been selectively investing in India for many years and believe the country offers an attractive environment for venture investing,” said Peter Barris, NEA Managing General Partner. “Given our experience to date, we believe it is the right time to expand our investment focus in this region and we look forward to working with the many talented and successful entrepreneurs and executives in India.”
NEA has strategically focused some of its technology investing efforts on high-growth markets in India, having invested in several Indian and India-US cross border companies. Examples of these investments include Sasken, Telsima, Nevis Networks, Protostar, InSilica and GlobalLogic. It was also recently announced that NEA 12, NEA’s most recent fund, became a 20% stakeholder and one of the largest investors in NEA-IndoUS Ventures, a venture capital fund focusing on early-stage technology investments that share roots in both India and the United States.
NEA will primarily invest in early-stage IT investments indirectly, through NEA-IndoUS Ventures. NEA’s direct investments will be primarily in mid to late-stage opportunities.
“NEA’s focus in India will be on expanding its investment portfolio, while making returns on our initial investments. We look forward to working with India’s best and brightest entrepreneurs in telecom, media, alternative energy, technology-enabled services and infrastructure,” said Krishna “Kittu” Kolluri, General Partner. “Our US-based team which also includes Mark Perry and Ravi Viswanathan, will be consulting with Ben Mathias, Vice President of New Enterprise Associates (India) Pvt. Ltd. to identify opportunities that deliver innovative technologies that address India’s urban and rural market needs.”
Notes to Editor
About New Enterprise Associates (NEA)
New Enterprise Associates (NEA) is a leading venture capital firm focused on helping entrepreneurs create and build major new enterprises that use technology to improve the way we live, work and play. Since its founding in 1978, the firm has followed the same core principles: supporting its entrepreneurs, providing an excellent return to its limited partners and practicing its profession with the highest standards and respect. NEA focuses on investments at all stages of a company’s development, from seed-stage through IPO. With approximately $8.5 billion in committed capital, NEA’s experienced management team has invested in over 550 companies, of which more than 155 have gone public and more than 220 have been acquired. NEA has US offices in Reston, Virginia, Menlo Park, California and Baltimore, Maryland. In addition, New Enterprise Associates (India) Pvt. Ltd. has an office in Bangalore, India and New Enterprise Associates (Beijing) Ltd. has offices in Beijing and Shanghai China.
For additional information, visit www.nea.com.