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Accordiant to invest $150M in Indian tech companies

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Palo Alto, Calif.--Accordiant Ventures will invest $150 million in India-based technology companies over the next two years. The VC firm will focus on Indian start-ups in Web infrastructure and wireless telecommunications. India is fast becoming a U.S. VC hotbed; among other companies targeting the country are New York-based ConnectCapital and Bank of America Corp., Charlotte, N.C.
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