Draper Fisher Jurvetson is ever expanding. Not only is the firm raising its first late stage fund (see story, page 1) and has upped the fund size of its cleantech affiliate DFJ Element (see story, page 8), DFJ is also in the process of interviewing Indian investors to create IT and life sciences affiliates in India, says Managing Director Steve Jurvetson.
The size of the two Indian funds has not been set. Jurvetson says the two affiliates would be separate from the $200 million India-oriented fund Tim Draper mentioned on a trip to the subcontinent last fall.
The move to India comes as Sequoia Capital subsumed prominent Indian VC firm Westbridge Capital and as VC firms, such as Norwest Venture Partners, raise larger funds with an eye toward the subcontinent.