Famed venture capitalist Vinod Khosla has set up his first fund outside of San Francisco’s Silicon Valley in the Indian city of Bangalore.
Khosla Labs is the latest in a growing list of funds, incubators and accelerators that are setting up in the city, which has long been the hub of India’s technology and BPO industries.
According to the Business Standard, the fund has appointed Srikanth Nadhamuni as Chief Executive.
Nadhamuni was previously head of technology at the Unique Identification Authority of India, the body tasked with providing unique identities to all 1.2 billion citizens of the country.
Khosla Labs is a subsidiary of Khosla Ventures, the legendary VC fund based in San Francisco behind early start up companies in the internet, computing, mobile and green technology sectors.
Khosla Ventures raised more than $1 billion from investors in 2011.
Vinod Khosla, a graduate of the Indian Institute of Technology in Delhi and Stanford University, was a founder of computing giant Sun Microsystems, bought by Oracle Corporation for $7.4 billion in 2010.
Khosla Labs joins a slew of VC funds that have recently set up in the region, including The Hatch and Startup Village, a joint venture between the government of Kerala and Infosys co-founder Kris Gopalas9knan.