Another 1.1 Billion For India

After IBM, Microsoft, Cisco, Intel and AMD, SAP joins their ranks as the sixth major company to commit over 1 Billion in investment capital to India. SAP will increase the India headcount from 2,750 to 4,000 by this year and to 8,000 by 2011. They just opened a second R&D center in Gurgaon, the first

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More India Funds

Yet another India fund was announced today. Matrix Partners has set up a $150 million fund to invest in consumer-focused industries mainly in the Internet, telecoms and media space. The fund will be co-managed by Avnish Bajaj, former founder/CEO of Bazee.com and after it sold to eBay, its chairman of Indian operations. (via Rafat Ali).

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