Deccan Herald
Tuesday, October 10, 2000


$25m VC Funds Launched

Mumbai, Oct 9 (PTI): Washington based venture capital firm International Equity Partners, LP (IEP) and Mumbai-based Indian Direct Equity Advisors Pvt Ltd (IDEA) have launched their second Indias focussed venture capital fund, eTEC Ventures LLC that will have a capital commitment of USD 25 million. GSC Partners, a global $3 billion private equity firm, leads eTEC's group of investors and the fund would remain open for additional subscriptions through March 2001, a IDEA statement said here today.