(Excl Ventures News.)New Enterprise Associates (NEA), the world''s largest venture capital firm with over $15 billion Assets Under Management has agreed to invest US$300 Million in Hyderabad.
NEA focuses on a variety of investment stages, ranging from seed stage through growth stage. NEA invests across a broad array of industry sectors. IT minister K T Rama Rao who is on a tour of the United States seeking investment in Hyderabad met met the associate partner Kittu Kolluri of NEA and sought its partnership in the proposed Telangana THub.
New Enterprises offered to invest $300 million and Hyderabad will have
two out of three campuses the company is planning to launch soon.
K T Rama Rao also met the chief technology officer, Omkaram Nallamasu, of semiconductor firm Applied Materials and sought its partnership in the area of research with IIIT in Hyderabad and NIT in Warangal.
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