Clearstone to invest Rs 225 cr in four cos

The US-based global venture capital fund Clearstone Venture is increasing its exposure to the Indian market. The firm has decided to invest at least Rs 225 crore in four Indian companies in the current fiscal. It has already initiated discussions with a handful of companies in the on-line educational, entertainment and financial services verticals for the stake purchase. Clearstone Ventures Partners managing director Sumant Mandal told ET: “We are in talks with few potential entrepreneurs and will invest around $10 million in each of these firms. VC funding is a challenge here in India due to regulatory hurdles. Moreover, Indian stock markets have not yet matured,” Mr Mandal added.