Mohandas Pai, Patni Brothers Launch Rs 125-crore Venture Fund Targeting Products

Advertisement <!—-> With focus on early-stage product innovation startups in India, Ideaspring Capital, an early stage venture fund by entrepreneurs and for entrepreneurs, on Monday (25 April) announced its official launch in Bengaluru. The Rs 125 crore fund aims to build and grow global scale product innovation companies from inception. An initial corpus of Rs 50 crore will be deployed as a seed fund to invest in early-stage ventures with an additional allocation of Rs 50 crore for pre-series A or series A rounds. Aarin Capital’s Mohandas Pai and Sasken Communication Technologies CMD Rajiv Mody have joined Patni Computers’ Arihant Patni and Amit Patni, and angel investors Naganand Doraswamy and Prashant Deshpande to lead the fund. Aarin Capital is the anchor investor. “Though funding in the business-to-consumer (B2C) space is said…


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