Google Joins Band Of Angels In India

By Anupama Chandrasekaran Jul. 25, 2007, 7:41am 1 Comment

In more Google news, the Business Standard reports that Google has recently come on board as an institutional member at Band of Angels (BoA) in India, the Indian set-up of a group of entrepreneurs who invest in and advice seed-stage startups. The article says that the company, which has been on an acquisition spree worldwide, is opting for the angel investing route in an effort to tap ideas and talent pool. So far this year, Google has made investments in three Indian venture capital funds, the most recent being Ventureast TeNet Fund II, a SEBI registered venture capital fund, in which Google acquired 30 percent for Rs 15 crore, or $3.75 million. Earlier this year, Google invested undisclosed amounts in Seed Fund and Erasmic Venture Fund.