500 Startups wants to raise $5 million for an Indian fund it is calling 500 StartupWallah, according to a filing with the Securities and Exchange Commission. The fund has not yet had a first close, the filing says. The fund lists David McClure, 500 Startups founding partner, as its lone managing partner.
500 Startups has made no secret this year of its interest in expanding investments abroad, including Brazil, India and Russia.
Find the filing here.