The country's two venture capital firms, Anil Ambani Group's Reliance Technology Ventures and Nexus India Capital, have been named in the Red Herring Top 100 Global Venture Capitals.
The two firms got a place in the top 100 winner list compiled by Red Herring, a media company in the US, from among more than a thousand known and active venture funds across the globe.
"We are extremely proud of having been named a winner of the Red Herring Top 100 Global VC firms," Reliance Technology Ventures (RTVL) CEO Harshal J Shah said in a statement.
RTVL, which has advised or invested in deals to the tune of over four billion dollars, works with and co-invests with leading venture capital firms across the globe while Nexus India Capital is a leading venture fund with over $300 million under management.
Firms to make it to the Red Herring Global VC 100 list largely hailed from the Unites States. Red Herring stated that this reflects the US venture industry that is older and more experienced than its peers in Asia and Europe.
