India: Startups should be realistic about valuations, say Norwest's Promod Haque & Niren Shah

Palo Alto, California-based venture capital firm Norwest Venture Partners (NVP) raised $1.2 billion this week for its 13th global fund, dubbed Norwest Venture Partners XIII LP. This is the third time that the firm, which focuses on early- and growth-stage investments, has raised a $1.2 billion fund over the past seven years. Its total funds under management now stand at over $6 billion.