Persistent Venture Fund, an initiative by Pune based Persistent Systems Limited will fund promising startups in Social, Mobile, Analytics and Cloud Computing domain. The target for the fund will be early stage company all over the world.

We couldn't locate an official page for the fund on Persistent's website where the startups could submit their business plan. I think the fund managers will reach out to the startups on their own than accept funding proposals from startup companies.

Infosys had announced a similar fund for the startup companies and I believe it's a great initiative that will foster entrepreneurial ecosystem in India.