Google has invested in two early-stage Indian venture capital funds, Seedfund and Erasmic. Google has commented that these funds will help in nurturing, identifying and financing promising startups and help them achieve growth.
Samir Sood, corporate development, South Asia region, Google quoted:
While the rush of large amounts of venture capital into India is well-documented, very little of this trickles down to the really small firms, the early-stage startups. Google’s goal is to close this gap by investing in early stage funds such as Erasmic and Seedfund.
India is the first place where Google has initiated a limited partner investment in early-stage funds.