Bigger India
AMD plans to raise $200 million India-focused tech fund
AMD Ventures’ fund will be an offshore entity based in either Singapore and Amsterdam and follow the FDI route to invest in technology-focused companies in India.
AMD Ventures, the venture capital arm of US-based chip maker Advanced Micro Devices Inc. (AMD), is raising an India-focused technology fund with a targeted corpus of close to $200 million, said two people directly aware of the development , on the condition of anonymity.
The India-focused fund will be an offshore entity and will operate from either Singapore or Amsterdam. The fund will follow the foreign direct investment (FDI) route to invest in technology-focused companies in India. AMD is understood to have hired law firm AZB Partners as legal advisers in India for the new fund.