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Friday, Jul 26, 2002

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JumpStartUp opens office in US

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BANGALORE: JumpStartUp, a $45-million venture fund, has announced the opening of its office in the US. Based in Santa Clara, California, this office will source the companies US-India cross border investments.

Mr Kiran Nadkarni, Managing Director, will head the new office. The opening of the office is in line with JumpStartUp's recently announced cross border strategy to invest in overseas technology companies with linkages to India.. The new office will kick-start cross border investment activity apart from servicing existing investments. JumpStartUp is also exploring the opportunity of entering into partnerships with leading technology venture capital funds to enable them to jointly identify potential companies to make superior quality investments.

``Currently, we have two start-ups in the final stages of evaluation and hope to close a couple more in the next several months,'' Mr Nadkarni said.

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