Global technology company, CA Technologies, which was looking at investing in startups in India from past few months, has recently invested in venture capital firm IDG Ventures India, so as to get early visibility into enterprise software startups in the country.
The investment was made last year in the third quarter (October – December).
“We are considering investments in other regions that offer similar ROI opportunities. We are making progress in recruiting the right talent and making the appropriate R&D investments to maintain and gain leadership positions in high values areas of the IT stack such as DevOps, identity management, mobility and analytics based IT business management. Look for some key product announcements in February for both mobility and security,” said Mike Gregoire, CEO of CA Technologies in a recent earnings call.
Bangalore based, IDG Ventures India is a technology venture capital fund. A few of its portfolio companies include Firstcry, Valyoo, ZIvame, Heckyl, UNBXD. Recently, it has also invested in elearning startup iProf with participation of daily mail group information (dmgi) on behalf of its education subsidiary, Hobsons and Norwest venture partner.
For its second fund, IDG Ventures India is looking to raise over Rs 1000 Cr.