Here is a Financial Times article about "Venture capitalists descend on India"...
A group of venture capital funds from the UK and continental Europe have completed a fact-finding visit to India in their first big show of interest in a market that has been dominated by US and domestic companies.
More than 50 delegates from European companies such as Logitech, 3i, SAP Ventures, Nokia Ventures, Advent Venture Partners and Sofinnova made the trip, said Nish Kotecha of The Indus Entrepreneurs, a business association and one of the organisers of the visit.
They had about €7bn-€10bn ($8.8bn-$12.5bn) to invest in the global technology sector, including in India, Mr Kotecha said.
"I'd expect a good number of investments to come out of this over the course of the next couple of years," he said.
"It could become 10 per cent [of the €10bn] quite quickly."
Unlike private equity investment, the venture capital industry remains in its infancy in India.
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