Reliance Technology, Nexus India in Red Herring’s Top 100

Reliance Technology, Nexus India in Red Herring’s Top 100

Mumbai: Two Indian firms Reliance Technology Ventures Ltd. and Nexus India Capital were on Tuesday named to the Red Herring 2009 Top 100 Global Venture Capital Firms list. The list of finalists also included Indian venture capital firms ICICI Ventures, Nexus India Capital and Helion Venture Partners.

The venture capital arm of Reliance Anil Dhirubhai Ambani Group, which was launched in 2006, has invested in deals to the tune of over $1 billion so far. Red Herring is a US-based media company that ranks top firms in fields of technology, financing and entrepreneurial activity.

Reliance Technology Ventures, which focuses mainly on sectors such as technology, media & entertainment and telecommunication, has previously invested in firms such as US-based Stoke Inc and domestic online travel website Yatra was in Red Herring’s Top 100 Startups in Asia list in 2008.

Nexus India Capital has over $300 million under management primarily invests in India and Silicon Valley.