Google has already gone on record that India is going to be a country to watch over the next few years. Now it has literally put its money, where its mouth is, and invested in two early stage Indian VC funds, Seedfund and Erasmic.
“While the rush of large amounts of venture capital into India is well-documented, very little of this trickles down to small firms – the early-stage startups. Our effort is to build this gap by investing in these funds,” said Samir Sood, head (corporate development – South Asia), Google.
India is reportedly one of the first countries to receive this kind of investment from Google.