VCCircle

Clearstone Venture Partners has announced the opening of its advisory office in Mumbai. The office will be headed by Rahul Khanna, who will identify and support portfolio companies. Clearstone had recently invested $5 million in Indiaideas.com, which owns the bill payment company Billdesk.

The sectors Clearstone will focus on in India include telecom, media, entertainment and financial services. It has $650 million of committed investment capital. Most recently, they raised $200 million.

Clearstone Venture Advisors Pvt. Ltd., located in Mumbai is Clearstone's independent advisor on the ground in India. This office will develop and extend the firm's Indian entrepreneurial networks, evaluate new companies for investment consideration, and supervise Clearstone's interests in active portfolio companies.

Go to press release.