Mohandas Pai Joins Patni Brothers To Launch A 125 Crore Early Stage Startup Fund, ‘Ideaspring …

When it comes to new age tech segments — machine learning, IoT, augmented/virtual reality, India still has very few startups. To boost innovation and encourage entrepreneurs working in these domains, a new startup fund called Ideaspring Capital worth 125 crores has been set up by a clutch of famed investors and businessmen, reports ET. These investors include Amit and Arihant Patni of Patni Computers and angel investors Naganand Doraswamy and Prashant Desphande who have joined hands with TV Mohandas Pai, Rajan Pai of Aarin Capital and Sasken Technologies CMD Rajiv Mody. The fund will focus on new-age tech companies working in areas such as Machine Learning and Deep Learning, Computer Vision and Image Processing, Big Data Analytics, Internet of things, Augmented and Virtual Reality, Internet Security,etc. We will invest in 4-5 firms annually. Initially, we will invest up to…


Link to Full Article: Mohandas Pai Joins Patni Brothers To Launch A 125 Crore Early Stage Startup Fund, ‘Ideaspring …