Seedfund may raise $30 million in second fund

10 July, 2008
Seedfund, an early stage venture capital fund that looks to invest around Rs 1-5 crore in media, mobile, internet, retail and consumer-facing businesses, is looking to raise its second fund with a corpus of $30 million.

Seedfund is founded by Pravin Gandhi, Bharati Jacob and Mahesh Murthy. Seedfund's investors include Google, Reliance ADA Group, Motorola, Sierra Ventures and Mayfield.

Seedfund's first fund, with a corpus of $15 million, has almost been invested fully, reports Business Standard. The first fund has made investments in around 10 companies including Afaqs.com, RedBus.in and CarWale.com.
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Seedfund, an early stage venture capital fund that looks to invest around Rs 1-5 crore in media, mobile, internet, retail and consumer-facing businesses, is looking to raise its second fund with a corpus of $30 million.

Seedfund is founded by Pravin Gandhi, Bharati Jacob and Mahesh Murthy. Seedfund's investors include Google, Reliance ADA Group, Motorola, Sierra Ventures and Mayfield.
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by technology pr on 10 July, 2008
Submitted by technology pr (not verified) on Thu, 07/10/2008 - 21:26.

What does afazqs.com do . Is it a business to business site or b2c site?

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