NewPath Ventures To Raise $200-300 Fund This Year; Telsima Needs Second Round
Wed, 04/19/2006 - 16:40 — Sahad P VVinod Dham's NewPath Ventures is looking to raise a new fund 0f $200-300 million and would be mainly investing in Indian companies. The fund raising will be complete this year. The firm, which has already funded companies like Telsima and Insilca, will look at investing in product as well as service space from this fund.
Dham also said that he is looking for second round of funding for Telsima. [Via The Economic Times]
Comments
So he is raising a fund himself but looking for funding for his own portfolio company from elsewhere?! Doesn't have good portents...unless it is a timing issue. Also, Arvind Malhan who used to oversee Vin Dham's investments in India until recently has moved out of NewPath...
April 20, 2006
NewPath has already funded Telsima, and now for the second round, they can be a co-investor with external investors. Bringing in an external investor doesn't mean that NewPath has lost trust in Telsima.
If Arvind Malhan has moved, that cannot be mixed up with this. People go and come.
So what are you hinting at? Is NewPath in trouble?