The Free Press Journal
Tuesday, 10th October,2000


IDEA Launches India Focussed VC Fund

Mumbai: The Washington-based venture capital firm International Equity Partners, (IEP) and the Mumbai-based Indian Direct Equity Advisors Pvt Ltd (IDEA) have launched their second India focussed venture capital fund, Etec Ventures LLC that will have a capital commitment of $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. PTI.