Silicon beat reports that Canaan partners a Valley based VC has set up office in India. Helping run ts Indian office is Alok Mittal(a BoA member) who posts sometimes at Venturewoods. As discussed in the post by Matt this might be the first few example of VC's coming to India and setting up offices here.
I have added Canaan to the list of Indian VC which I mentioned yesterday that I will be putting up. This list might be handy to entreprenuers in India. Drop me a note if you want to edit any of these two (Entreprenuers, VCs) spreadsheets, I will send an numsum invite. You could also send me the information I will update them.