Kleiner Perkins lands up here, to invest in Cleartrip.
Economic Times (New Delhi, India), February, 2006
Feb. 2--MUMBAI/NEW DELHI -- The big daddy of venture capital fund is finally here. After flirting with India for long, venture capital (VC) fund Kleiner Perkins Caufield and Byers (KPCB) has finally decided to take the plunge with its first investment in India. The VC fund is making an investment in the travel business through a stake in Cleartrip.com , an online travel portal for India.
KPCB investment is not very large and is said to be in the range of $2.7m to $3m, in the first round. Though, the initial investment is small, the venture is expected to be funded through its business life cycle by KPCB and may suck in larger amount of funds over its lifetime.
Ram Shriram's Sherpalo VC fund is also expected to be a co-investor in the company. The...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
