Khosla to reuse SKS IPO profits in poverty fund for India, developing markets
Vinod Khosla, veteran VC with Kleiner Perkins Caufield & Byers and his own Khosla Ventures, is planning to use some of his $117 million personal gains from the July NSE IPO of SKS Microfinance in a new VC fund to support businesses focused on poverty alleviation in India and other emerging markets.
The new fund, which will launch in around a year's time, will target companies in the education, energy and health sectors. This will partly draw on Khosla's own microfinance experience gained with SKS...
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