VCCircle

[Clarification: The earlier post erroneously reported that Pradeep Tagare is the fund manager of the $250-million India fund of Intel Capital. Sudheer Kuppam, the Managing Director of Intel Capital in India, Japan and Australasia, is indeed the fund manager of the $250-million fund. Tagare is part of six investment managers (2 in Bangalore and 4 in Mumbai). The error is regretted.)

Intel Capital, the venture capital arm of chip-maker Intel Corp, has appointed Pradeep M Tagare as a Director in its Mumbai office. He will be one of the six investment managers managing the $250 million India fund. He moved to Mumbai from Santa Clara, US, where he was a senior investment manager for Intel Capital. He joined Intel in 2003, and prior to that was with Xdrive Technologies Inc and Yopa.com.

I bumped into Tagare yesterday at CII's Cleantech Forum in Delhi. He said Intel Capital is going to invest in technology sectors in a broad sense, and they will follow a stage-agnostic approach - starting from seed to private equity (even private investment in public enterprises or PIPE) (see a VentureWood post of Tagare). That's a significant shift in strategy for Intel Capital since it has earlier adopted a "venture" focus. It currently has an active investment portfolio of 20 companies in India.

Earlier, Intel Capital appointed Sudheer Kuppam as Managing Director for India, Japan, Australasia and South-East Asia. Kuppam replaced Kumar Shiralagi, who left Intel Capital to join as MD of NEA IndoUS Vetures. Kuppam, based out of Bangalore, is responsible for Intel Capital investments in India, Japan, ANZ and SE Asia.

Related:

Sudheer Kuppam Appointed Managing Director Of Intel Capital In India, Asia Pac