Venture capital firm Walden to re-enter India

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Venture capital firm Walden to re-enter India

San Francisco-based venture capital (VC) firm Walden International – better known for its investment in Bangalore- based IT firm Mindtree Consulting – is re-entering India after a five-year-long hiatus.

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Mumbai, June 22

San Francisco-based venture capital (VC) firm Walden International - better known for its investment in Bangalore- based IT firm Mindtree Consulting - is re-entering India after a five-year-long hiatus.

It has appointed Mr Rajesh Subramaniam, the erstwhile Chief Financial Officer of BPO firm Firstsource Solutions , as Managing Director (for India) - reflecting the increasing demand from the VC industry for senior officials with operational knowledge from diverse industries.

Walden is looking at making sector agnostic 'early to expansion stage' investments in start-ups that have a scalable business model, Mr Subramaniam told Business Line.

"The growing pace of domestic consumption of products and services in India is prompting Walden to commit serious capital and time to India," said Mr Subramaniam. Founded in 1987, Walden has over $1.6 billion (Rs 672 crore) in committed capital.

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