Google has invested an undisclosed sum in Seedfund promoted by Mahesh Murthy and other VCs of the valley - Rekhi, K B Chandrasheka and B V Jagdeesh.
Seedfund was incorporated just last December to fund innovative startup ideas in India. The right amount to fund an Indian startup is not tens of Millions of dollars but mere $500,000 and seedfund with $10 million is probably India's smallest VC fund. However, with the entry of Google, the equations may change drastically. So where will Microsoft and Yahoo invest next ?
Tags: VC India, Google, Startups India, Google
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