Google eyes 30% in seed-stage fund
MUMBAI: Global IT giant, Google Inc, will be investing up to Rs 22.5 crore (around $5.5-million) in Ventureast TeNet Fund-II, a seedstage fund that will invest in technology companies trying to establish their foothold. The fund is promoted by the Tenet Group of Chennai IIT and Hyderabad-based Ventureast Fund Advisors. “Google has invested Rs 15 crore ($3.75 million) in this fund so far and is expected to put in the remaining amount by March 2008, when the fund is scheduled to close,” said Ventureast managing general partner Sarath Naru