About India Internet Fund
The India Internet Fund (IIF) invests in India-focused early stage internet and mobile technology startups. IIF invests in high growth mobile startups identified through its extensive network of long established relationships in the sector. IIF typically invests $25k – $200k in early stage mobile and internet technology driven startups.
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Latest India Internet Fund News
Feb 5, 2015
Venture Capital | 5 February 2015 Early Stage Investor India Internet Group Plans For Second Fund by Sejal Mourya @Sejal India Internet Group, an investor with interests in India-focused early stage internet and mobile ventures, is planning for its second fund worth $15 Mn. The fund raised will be used for backing startups in the mobile payments, mobile marketplaces and communication apps space. India Internet is led by Nihal Mehta,based in New York; James Pallotta, based in Boston; and Anirudh Suri, based in Delhi. The four year old fund is also planning to increase the deal count to 8 from 4 last year. Apart from making fresh investments, the group will also participate in a follow-on round of its investees Frrole, Snaplion and Findable. Launched in 2012 by Amarpreet Kalkat, Nishith Sharma and Abhishek Vaid, Frrole offers Twitter-based data analytics, particularly time and location-focused insights, for its customers by mining and analyzing more than 10 Mn tweets daily. Snaplion is an online platform for users to easily create and manage their own iPhone and Android Apps while Findable is a location based product and brands search platform, founded by Suri. IIG has a ticket size of $50K-300K, however going ahead it plans to do larger deals in the angel investing or pre-series A for slightly larger investment amounts that is currently being taken up by VC’s. Recently, Accel India, the Indian unit of US based Accel Partners, was planning for its fourth fund with a size of $250 Mn to invest in the ecommerce and tech startups in the country