Sasken Communication Technologies, the Bangalore-based Rs 570 crore embedded communication solutions provider, is taking the limited partner route to enter the venture capital segment. The company during the last quarter made an undisclosed investment in US-based technology venture capital firm OmniCapital. This venture fund is led by Arun Netravali, who was earlier president of Bell Laboratories, the place where path-breaking communication technologies took shape. Sasken, chairman & managing director, Rajiv C Mody in a statement to their shareholders said: "Sasken has invested in OmniCapital, a US-based venture capital fund that provides early-stage funding for information technology companies in the US. The investment in OmniCapital augments Sasken's access to the US market, providing another window into the latest technology, industry developments and new markets in information technology, telecommunications, video and multimedia." Mody goes on to state that the investment also provides opportunities for mutually-beneficial strategic partnership with OmniCapital portfolio companies.   more »