You’re reading it here first: Google has made its first investment in India, and it has taken a different route than usual: it is investing in Seedfund, a new India-based seed investment firm founded by Mahesh Murthy, Pravin Gandhi, Bharati Jacob, and Paula Mariwala, ContentSutra has learned.  The fund will utilize this investment for further investments in tech and internet startups. The amount of investment remains undisclosed. We contacted Murthy, but he was unavailable for comment. Gandhi and Jacob had earlier invested in companies like Indiagames and Indiabulls at early stage and had great exits. Murthy’s investments include Geodesic and Pinstorm.
Seedfund launched late last year with a fund size of about $10-13 million and plans to invest up to $500,000 per venture. Fund investors include: Motorola Ventures, Reliance ADA Group, SVB Financial Group, an affiliate of Silicon Valley Bank, Sierra Ventures, Mayfield Fund, Edelweiss Capital, and individuals like Kanwal Rekhi, KB Chandrashekhar, B V Jagadeesh and Sridar Iyengar.
Related:
—Seedfund Launches With Rs 45-60 Crore Corpus; Scouting For Early Stage Deals
—Seed Fund To Closely Look At Mobile Apps, Content Firms
—Seed Fund Attracts Silicon Valley Investors