By Arun Natarajan, Editor, TSJ Media
My article on the above topic was published recently in the AlwaysOn-Network "blogzine". Here is the article's introductory paragraph:
In the first six months of 2004, venture capital firms exited their investments in 13 India-based companies. Although business process outsourcing (BPO) firms constitute a major portion of the successful acquisition-based exits, the real bonus has been the spurt in the number of IPOs by venture-backed firms.
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