Nokia Backed Funds Add to Indian Team

Posted on | June 27, 2005 |

Press release talks about Indian activities of two venture capital firms supported by Nokia. BlueRun Ventures is a global venture capital fund focused on early stage companies in the IT, mobile, and consumer electronics markets; Nokia Growth Partners’ mid-to-late stage focus complements that of BlueRun Ventures.

BlueRun Ventures established its office in New Delhi in 2004 when it brought on Sujit Banerjee as a Principal. The fund invested in Pune based Nevis Networks in May of 2004. Nokia Growth Partners recently announced an investment in Bangalore based Sasken in April. In addition, BlueRun Ventures’ India office has significantly increased focus and activity with the addition of Vineet Buch as a Principal, and Vasudev Bhandarkar as a Venture Partner. The two will jointly work with Banerjee to manage BlueRun Ventures’ Indian operations.

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