NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Thursday, July 15, 2004

“A private Indian equity company that invests in high technology ventures said Thursday it has received a grant of US$400,000 from the World Bank to support up-and-coming companies in developing nations. The funding will help Indiaco increase its portfolio of investments from 57 startup companies to about 150 by next March, company director Girish Narasimhan said. Most of the companies will be in India, but some will be in other developing countries.” Read full article here.