Bullish on India: In an interview with CNBC-TV18, the USISPF chairman reiterated his belief that the country is on course to becoming the world's number one economy, citing its burgeoning youth population, with an average age under 26, as a valuable resource for innovation and job creation.
Chambers is the chairman of the US India Strategic and Partnership Forum (USISPF), a US-based India-centric business advocacy group.
While the Chennai-based company did not disclose the amount of funding, it said existing investors including IDG Ventures also participated in the series B round.
This year's theme of the GES is 'Women First, Prosperity For All' with an emphasis on women’s empowerment and support for women entrepreneurs, the forum said in a statement.
Chambers, who is also the chairman of the newly formed US-India Strategic Partnership Forum (USISPF), said the two nations can work together to create opportunities in each nation.
"Both governments are deeply committed to creating greater economic opportunity for their citizens," said John Chambers, executive chairman of Cisco and chairman of the US India Business Council (USIBC).
Trump's policies will be a win-win situation for both India and the US. He says the bilateral trade between the two countries can go upto USD 500 billion in the next 7 years.
Modi met several delegates from different nations as well as Fortune 500 CEOs including John Chambers of Cisco on the sidelines of the Vibrant Gujarat Global Summit.
Prime Minister Narendra Modi will inaugurate today the eighth edition of Vibrant Gujarat Global Summit (VGGS), that will be attended by Fortune 500 CEOs, including John Chambers of Cisco and Boeing's Bertrand Marc Allen.
Describing demonetisation as only a "bump", Cisco Executive Chairman John Chambers today said India is well-positioned to maintain GDP growth rate of over 7 per cent for the next few years and it should be a "top ally" for the US in the Asia Pacific region.
The gradual move to fast-growing sectors such as security, the Internet of Things and the cloud is a response to sluggish demand for Cisco's traditional lineup of switches and routers from telecom carriers and enterprise customers, amid intense competition from companies such as Huawei and Juniper Networks Inc.
The bipartisan support for India from Democratic and Republican Senators was fantastic, said Pepsico-India Holdings Chairman and CEO D Shivakumar, adding, America's innovativeness, start-up and R&D combined with India's entrepreneurship on both product and services has a huge potential for both the countries.
"During the meeting, he explained to Prime Minister the elements of Cisco's Country Digitisation Acceleration Programme, and how it is aligned to the PM's vision and initiatives including Digital India, Skill India, Make in India, Start Up India, Smart Cities and Cyber Security initiatives," an official statement said.
Speaking to CNBC-TV18, John Chambers, Executive Chairman of Cisco said that digitization is not a tab on transactions but is about enabling outcomes and more incentives are planned in venture capital investments and re-skilling.
"The reforms undertaken by India in the last two years under Prime Minister Modi's leadership are resonating very well with the US companies," USIBC President Mukesh Aghi said.
Ajay Banga, Board Member & CEO, MasterCard and John Chambers, Executive Chairman, CISCO are bullish on India and expect investments of around USD 40 billion in two-three years.
Cisco has been buying a number of security companies, which has made its relatively tiny security business one of its fastest growing areas in the past two years.
John Chambers said he and Chuck are very bullish on India. The Indian Prime Minister has grasped the importance of digitisation, development of smart cities, broadband to every citizen, healthcare, education and job creation to change the lives of the people.
The digital world would help in creating more jobs, boost growth, improve healthcare systems, increase innovation and improve education among other benefits, he added. Networking giant Cisco is betting big on India buoyed by strong performance in the Indian market.
Cisco's efforts to set up another global headquarters in Bangalore hasn't exactly gone to script.
In conversation with CNBC-TV18's Senthil Chengalvarayan and Forbes India's consulting editor, Mitu Jayashankar, the CEO and chairman of Cisco, John Chambers discusses his strategy based on market transitions.
Credit ratings agency S&P unleashed a series of ratings downgrades on Friday, bringing the focus squarely back on the eurozone.
The credit ratings downgrade by Standard and Poor`s of nine euro zone countries, including France and Italy, will likely lead to changes to the European Financial Stability Facility (EFSF), the Chairman of the sovereign debt committee at Standard and Poor`s told CNBC on Monday.
In an interview with CNBC-TV18, Chambers said the rating agency would shortly take a call on the EFSF’s rating.
CISCO had recently announced plans to cut down, re-align and redeploy its workforce as a part of its strategy to focus only on its core business globally. The plan seems to have triggered double digit attrition in CISCO India, especially among its senior employees, reports CNBC-TV18’s Sunanda Jayaseelan.