Ideaspring’s M fund to invest in IoT, VR, fintech & more

Bangalore based Ideaspring Capital has launched a Rs 125 crore ($18.7 million) fund to invest in startups in India. A majority of investment in this fund has come from Aarin Capital along with a slew of investors like Naganand Doraswamy, Mohandas Pai, Arihant Patni, Amit Patni, Prashant Deshpande and Rajiv Mody. The early stage venture fund will work with enterprise products in major cities and will decide based on intellectual property like algorithms and deep technology. The fund will cover areas of machine learning, deep learning, computer vision, image processing, big data analytics, IoT, augmented reality, virtual reality, health-tech and fin-tech among others. Through the ‘Startup Assist’ program, the company will help startups to scale product and customer management and build global products. It will also advise on business market…


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