India a Big Draw for Venture Capitalists

Venture capitalists experienced at prowling the streets of Silicon Valley are now extending their search eastward to India, reports eCommerceTimes.com. Some twenty top VC firms recently attended a conference in Bombay, and Silicon Valley Bank is one of the first movers with plans to establish an office in addition to investing there. This article chronicles increasing VC investments over the last six months, while also cautioning that deal flows are still small compared with investments elsewhere.