VCCircle

Kamla Bhatt Show has a podcast interview with Kittu Kolluri, a General Partner with New Enterprise Associates, a 28-year old US venture capital fund. It has $9.5 billion under management, and recently created news as they raised a $2.5 billion venture fund, the second largest ever venture fund to be raised. NEA is floating an India fund soon - NEA Indo-US Ventures - which will be led by Vani Kola and Vinod Dham.

Kolluri says Dham and Kola will essentially look at early stage tech ventures in India - and all other opportunities which do not fall in this framework would be directly looked at by NEA for investment. Kolluri is very excited about mobile space since India story currently is mobile story. India adds about 4-6 million users every month and the country has already crossed 116 million users. There is enough room to grow more and that is one sector exciting everybody now.