Monday, February 19, 2007

NEA Expands India Operations

New Enterprise Associates said Monday that it is expanding its operations in India. The Indian operations are led by Ben Mathias, Vice President, and will focus on investing up to $200M in mid- to late-stage investments within India. NEA said that the expansion is part of its strategic plan to develop a presence in the emerging markets of India and China. NEA said that so far it has invested in Indian firms Sasken, Telsima, Nevis Networks, Protostar, InSilica and GlobalLogic, and is a investor in NEA-IndoUS Ventures, a early stage venture capital fund focused on India and the U.S.