VCs seek dot-com success stories in India

Manik Arora of Battery Ventures, the Silicon Valley-based VC that prefers to call itself a "lead institutional investor in its portfolio companies," spends a lot of time researching on Indian Internet ventures these days. Having tasted success in Battery Ventures' first investment in an Indian hi-tech venture in December 2004, Arora and his firm are "particularly attracted to the Internet side" and plan to make its next investment in an internet venture this year.