Gabriel itself is very bullish on India, he promises. The $260 fund has total assets worth roughly $0.5 billion, and though no specific allocation is for India, a lookout is on for 2-3 new early or mid-stage tech companies to invest in.
These are likely to be announced in April, and will be on the consumer end of the telecom, auto component, financial services, travel or retail sector. ‘‘Gabriel typically places $1-5 million in a single investment,’’ Chaddha said. ‘‘We are keen on mobile applications such as ring tones and wallpapers, internet sites like job and matrimonial web sites,’’ he said.
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