Google is joining SoftBank, Tiger Global and other investors in India, after the company revealed that it is in the process of setting up an office for Google Capital, its year-old late-stage fund, in the Asian country. The outpost will be its first outside of the U.S..
A Google spokesperson confirmed plans to hire an India-based Google Capital representative to TechCrunch, although it is not yet clear where that person will be based. Google Capital partner David Lawee told The Wall Street Journal that “it makes a lot of sense to focus on India right now,” citing the growing adoption of smartphones in the country and its increasingly active startup community.
There’s already plenty of money and investors with big reputations carving out deals in India. Tiger Global raised a fresh $2.5 billion in funding last year, a large chuck of which is believed to have been earmarked for the country, while SoftBank…
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