Nokia Venture Partners opens office in New Delhi, India

July 20, 2004

1 Min Read

MENLO PARK, Calif. -- Nokia Venture Partners, a leading global venture capital firm focused on early-stage technology companies, expanded its global presence today with the opening of its office in New Delhi, India. This office opening highlights the importance of the growing Indian market and Nokia Venture Partners' commitment to it. The announcement follows Nokia Venture Partners' $10 Million investment in Pune based Nevis Networks, a startup company developing a new class of enterprise security solutions.

Nokia Venture Partners began to explore an office the Asia Pacific region in 2001 after the firm closed its second fund. Since then it has helped portfolio companies pursue business opportunities in Japan, Greater China, Korea and India.

"India is known for its vast pool of entrepreneurial talent and we hope to continue investing in emerging Indian companies," said John Malloy, Nokia Venture Partners. "Nokia Venture Partners is a global venture firm with a reputation for creating global companies. We are already active in the Indian markets both through the activities of current portfolio companies and our May investment in Nevis Networks. Establishing a presence in India strengthens our global footprint and we look forward to Sujit Banerjee leading our efforts in New Delhi."

Nokia Venture Partners

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