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VC Draper Fisher to Invest in India with $75 million fund; Reva, mChek, Seventymm in List

Categories: DFJ.com, Draper Fisher Jurvetson, Indian Startups, LiveMedia, mChek.com
VC Draper Fisher to Invest in India with $75 million fund; Reva, mChek, Seventymm in List

Draper Fisher Jurvetson (DFJ), a California based venture capital firm is set to invest $75 million fund in coming 3 years with already making direct presence in India via its offices in Bangalore and Hyderabad. Daper, the firm is making key investment in three Bangalore based internet startups/ site, these are - Reva (Electric Car Company), mCheck.com and Seventymm.com and other than that I found in its portfolio list (on DFJ website) is New Delhi based firm - Live Media. Draper will inlculcate 13 -15 startups in its India's portfolio to fund. Draper is well known for funding to Hotmail, Overture and Skype and all of these are now acquired by Microsoft, Yahoo and ebay respectively. The firm's name Draper Fisher Jurvetson (DFJ) named after firm's Managing Directors Timothy C. Draper, John H. N. Fisher and Steve Jurvetson. This is Draper's third phase of funding, before it has invested in Rediff.com as well in form of portfolio investment (as Draper International) in 1996. Some of the Indian online Startups in DFJ's Portfolio List are - Live Media, a new Delhi based out-of-home digital display network. Live Media is setting up a network of LCD TVs in various locations then serving content and advertising on ...

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