In what will be its third investment in Indian venture capital funds, Google has acquired 30 percent in Ventureast TeNet Fund II, a SEBI registered venture capital fund, for Rs 15 crore ($3.75 million). [via VC Circle]. Earlier this year, Google invested undisclosed amounts in Seed Fund and Erasmic Venture Fund. Ventureast TeNet Fund, managed by Ventureast Fund Advisors India Ltd., began with a corpus of $15 million with a mandate to finance start-ups in the telecom and IT industries. It typically will invest $2.5 million $10 million in an early stage venture, reports VC Circle.