eBay, Skype Founders move their focus on India now
India is undoubtedly the next big thing in the internet sphere. Two big Internet entrepreneurs are betting big on India. Danish entrepreneur Morton Lund, who has invested in over 50 firms and made millions from the sale of Skype to eBay, is on the prowl in India. Lund is in negotiating with a newly-formed private equity fund, and apparently has been reported to have said, “There is a 400 per cent chance that the next Skype will be from India.�
While Lund is still confirming his plans with the private equity fund, eBay’s founder Jeff Skoll has gone one step ahead. Capricorn Llc, a US fund in which Skoll is a major investor, has pumped money into private equity firm Actis’ $475-million India fund.
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