Word: linc
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Dates: during 2000-2000
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...Vijay Angadi, a founding member of India's first venture-capital firm, TDICI, studied some 700 business plans and were poised to pounce in 1999 when the economy moved into recovery. Last year they signed half a dozen deals to fund Indian start-ups, including a 24% stake in Linc Software Services, which specializes in insurance and banking software; a 49.5% stake in the business-to-business portal MatexNet; and a significant stake in Explocity.com to help the cross-India city-guide publisher get established in e-commerce. They expect to close another half a dozen deals in the next...
...their operations, but Prouty's powerful contacts abroad and business acumen inspire trust in his clients. Says Prouty: "Our work just begins with investing the money. It is a seven-day-a-week, 365-day-a-year job of being useful to the companies." Says Rajan Narayanan, director of Linc Software: "He has given us leads and advice, opened doors internationally and participated in our strategic decisions...