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Nokia Venture Partners opens India office

Nokia Venture Partners has opened an office in India, reflecting its growing commitment to the region. The firm has been investing in Asia since 2001 and already includes companies based in Japan, China, Korea and India in its portfolio.

'I am looking forward to helping current and future portfolio companies establish business opportunities in the large and fast growing Indian market,' said Sujit Banerjee, Nokia Venture Partners. 'India is an untapped resource for quality venture deals, and is also an ideal outsourcing alternative for many of our portfolio companies to leverage its IT services and business process outsourcing sectors.'

Nokia Venture Partners has funded more than 40 companies in the mobile infrastructure, components, software, applications and services sectors. Portfolio companies originate from the US, UK, Germany, Finland, Iceland, India, Israel and South Korea.

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