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Google working on plans to launch a venture capital arm

Google is reportedly working on plans to start a venture capital arm. The group will be led by David Drummond, Google’s senior vice president of corporate development and chief legal officer. The company has also hired William Maris, a former entrepreneur who has worked as an investor, to help set up the venture, reports Wall Street Journal.

Google is reportedly working on plans to start a venture capital arm. The group will be led by David Drummond, Google’s senior vice president of corporate development and chief legal officer. The company has also hired William Maris, a former entrepreneur who has worked as an investor, to help set up the venture, reports Wall Street Journal.

Google has been investing indirectly in startups in India through three early stage funds and an angel network — Mumbai-based Seedfund, Bangalore-based Erasmic Venture Fund (now Accel India), Chennai-based Ventureast TeNet Fund II and Delhi-based Indian Angel Network — writes Namitha Jagadeesh in LiveMint.

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