PDF: 2962 pages, 5.2 MB - Bay Area Council Economic Institute

M&A, Venture Capital, and Private Equity: A Thriving Investment Climate
Palo Alto-based Accel Partners, established in 1983 and currently with $4 billion in assets
under management, teamed in July 2008 with Indian investment group Erasmic Venture
Fund to launch what is to be a $10 million Accel India Venture Fund. Focusing on crosssector
seed and early-stage companies, Accel, along with Lightspeed, Amazon.com chief Jeff Bezos,
and others, invested $24 million in health care search engine Kosmix, Inc. of Mountain View.
Kosmix founders Venky Harinarayan and Anand Rajaraman hold computer science PhDs from
Stanford and founded the online shopping search firm Junglee, described earlier.
Finally, Draper Fisher Jurvetson’s ePlanet Ventures, teaming with HSBC Private
Equity Ltd., put $11 million into Chennai medical device value-added reseller and distributor
Trivitron in November 2007. The money is to be used as part of a broad strategy
to acquire medical device companies, form joint ventures, and build a 25-acre product development
cluster outside Chennai. ePlanet has a stable of 15 life sciences firms, many in medical
devices, that it believes could participate in cross-border relationships with India.
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