Tuesday, April 26, 2016

New Rs.125 crore venture fund for product innovation #Startups in India

Ideaspring Capital, an early stage venture fund focused on investing in technology startups in India has announced its official launch in Bangalore recently. The Rs.125 crore fund will focus on early-stage product innovation startups and entrepreneurs in India. Ideaspring Capital aims to bring sustained partnerships to startups and entrepreneurs through a unique high-touch model to foster global scale product innovation companies from inception. Eminent investors and entrepreneurs, including Naganand Doraswamy, Mohandas Pai, Arihant Patni, Amit Patni, Prashant Deshpande, Rajiv Mody, lead the fund.

The fund will work with entrepreneurs having deep technical and domain expertise, developing early stage enterprise products in major cities across India. Intellectual property in the form of algorithms and deep technology will be a key differentiator. Key areas that the fund will cover include Machine Learning & Deep Learning, Computer Vision & Image Processing, Big Data Analytics, Internet of Things, Augmented & Virtual Reality, HealthTech, FinTech, amongst others.

“We see immense growth potential for enterprise product innovation from India and are confident that India’s next wave of innovation will come from this space. Ideaspring Capital is a coming together of entrepreneurs and investors with rich experience to partner with entrepreneurs who are re-imagining technology to enable a better world,” said Naganand Doraswamy, Managing Director & CEO, Ideaspring Capital.