Tim Draper Returns to India

Draper has backed Hotmail and Skype among other technology startups

Draper has backed Hotmail and Skype among other technology startups

‘Riskmaster’ Timothy C Draper visits, rather re-visits, India next month (October 10-12) and breezes through Mumbai and Bangalore. The last time the maverick venture capitalist was here, in late 2005, he set the ball rolling on Draper Fisher Jurvetson’s (DFJ) formal entry into India with the TiE Draper ‘India Venture Challenge’ that gave away $150,000 as prize money.

Subsequently, DFJ set up headquarters in Bangalore in September 2007 led by Mohanjit Jolly and Sateesh Andra (who works out of Hyderabad) — read more about DFJ’s India gameplan here. It has been investing from a $75 million India allocation (from its $600 million DFJ IX fund), which must be nearly over considering the pace at which DFJ has been closing deals — nine deals in 12-odd months!

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