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In a significant development, Intel Capital's chief in India Kumar Shiralagi has quit. He has joined NEA-IndoUS Ventures as general partner in India. NEA-IndoUS Ventures is a $105 million venture fund formed by Vinod K Dham and Vani Kola in partnership with US venture fund New Enterprise Associates. Shiralagi's is the first senior level appointment by NEA-IndoUS in India. Vani Kola has already shifted her base to Bangalore from Silicon Valley.

Shiralagi will be responsible for equity investments in early and mid-stage companies in the IT and BPO/KPO segment in the Indian and Indo-US corridors.

Shiralagi has over 14 years of senior management experience in working and investing in technology, IT, telecom and BPO industries, and lastly venture capital. He has an MBA from Thunderbird, The American Graduate School of International Management, a PhD and an MS in electrical engineering from Arizona State University.

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NEA Indo-US Ventures To Focus On Early Stage Tech, Mobile