Well this one seems to be great news for startups in India!
The
Mountain View, California-based search engine giant - Google is contributing an
undisclosed amount to Seedfund, a $10-million to $15-million fund that
had its first closing in November 2006, according to sources., according to red herring.
Google has shown a healthy appetite for attractive opportunities on its home turf. In October 2006, it bought the video-sharing site YouTube for a record $1.65 billion.
Google’s shopping list has been long: wiki technology developer JotSpot, mobile startup Android, web analytics company Urchin Software, text message service Dodgeball, and search personalization sites Kaltix and Applied Semantics.
In China, Google has invested in Xunlei Network Technology to compete better with the leading local search engine, Baidu.com, in which Google also owns a stake.
via [ red herring ]
