last week appointed Sudheer Kuppam as managing director overseeing India, Japan, Australasia and Southeast Asia. he will lead the firm’s investment strategies and expansion plans, including investing the $250 million Intel Capital India Technology Fund.
Kuppam will be based in Bangalore and report to Intel Capital’s President Arvind Sodhani, according to a press statement.
Kuppam was previously working as director of Intel Capital’s Flash Memory and Semiconductor sector.
Bear Stearns Merchant Banking
has teamed with China-based Eagle Investment Group to invest in opportunities in the Chinese retail sector. Each firm will commit $250 million to the $500 million vehicle, called the Eagle-Bear Stearns Retail Fund. Eagle is run by Wong Kwong Yu, founder of Chinese electronics retailer Gome Electrical Group.
Outsource provider raises $45M
iSoftStone Information Service Corp.
, a Beijing-based provider of IT outsourcing solutions, has raised $45 million in Series B funding. Fidelity Asia Ventures and Mitsui Ventures Global Fund were joined on the deal by return backers AsiaVest Partners and InfoTech Pacific Ventures.
The company raised $14 million in a Series A deal in late 2005 from AsiaVest and InfoTech. Bocom Capital Partners served as financial advisor to iSoftStone on the Series B.