Kanwal Rekhi’s Inventus Capital Finally Launches With $125M

 

From VC Circle http://www.vccircle.com/2008/06/24/inventus-opens-shop-in-india-to-invest-upto-10mn-in-early-stage-companies/

Finally, Kanwal Rekhi’s much awaited venture capital fund has been officially launched. The US and India based Inventus Capital Partners announced its entry with $125 million corpus at a press conference in Bangalore today.
The firm will invest $1-10 million in 15-20 early-growth companies over the next few years.
The firm has a four-member investment team, and will have its headquarters in Menlo Park, California (where else?), and Bangalore. Besides Rekhi, the team has John Dougery (both of them based in Silicon Valley), Samir Kumar and Parag Dhol (the latter two based in Bangalore). The firm will also have advisors like Saurabh Srivastava, former founder of Xansa, Rajeev Motwani, a Stanford University professor (and also a start-up advisor to the Google & Yahoo! Founders), B. V. Jagadeesh (serial entrepreneur), and Sridhar Mitta (former President of Wipro’s R&D).
Thefund will look at investing in technology powered companies, particularly software products, services, embedded software, consumer internet, semiconductor and mobile services companies.
Interestingly, Inventus took more than two years to kick off its activity as the news of his launching a fund first broke as early as 2006.