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January 20, 2005

Telecom "Hot-Box" company Tejas Networks' 3rd Round investment to last until exit: VC

The $15 million third round funding raised by Bangalore-based telecom equipment firm Tejas Network's will be the last round before the company goes public or gets acquired, BusinessWeek's newly launched VC blog reports quoting Carl Stjernfeldt, partner at the round's lead investor Battery Ventures. Other investors in Tejas include Intel Capital, IL&FS VC, and Sycamore Networks founder Desh Deshpande.

Arun Natarajan is the Editor of TSJ Media, which tracks venture capital activity in India and Indian-founded companies worldwide. View sample issues of TSJ Media's Venture Intelligence India newsletters and reports.