Addressing a press conference, Vinod Dham, co-founder and managing director, NewPath Ventures, a VC fund that has invested $100 million in four start-up hi-tech companies, announced his intentions of launching a $250 million fund next year. | |
| "We will invest in about 20 companies, of which six will be start-up companies and the rest can be in various stages of growth, with revenues of $1 million to $20 million. The companies can be in the domains of telecom, data mining, analytics," he said. |
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| Having met with over 17 companies on his trip here, he talked about the changing mindset of entreprenuers. |
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| "Companies here require mentoring as well as funding to reach the next level. Earlier, companies were apprehensive to give away control, but are more open to it now " he said. |
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