Wednesday, August 15, 2007

Have monies, will LPO!

Business Standard reports that Jerry Rao of MphasiS fame is investing in an LPO company, JuriMatrix. What makes the news interesting is that one of the directors in the company is the younger Mr. Rao.

After investing in a wine company, Jaithirth (Jerry) Rao, non-executive chairman of MphasiS, has set sights on a legal processing firm (LPO), incidentally in which his son is an active member.

Jerry Rao has become an angel investor in a company called JuriMatrix, based in Bangalore and according to industry information, it is in the process of raising $12 million from a few of venture capital funds.

Perhaps, having the older Mr. Rao around also lead to inerest from known names ...

Rajat Gupta, former MD of McKinsey and Hema Ravichandar former HR head of Infosys are advisors to the firm.

Papa don't preach, just invest and bring your friends!