Mohandas Pai, Patni Scions & Others To Launch A Mn Fund For Early Stage Startups

TV Mohandas Pai, Patni scions Arihant Patni and Amit Patni, angel investors Naganand Doraswamy, and Prashant Desphande have joined hands with Sasken Technologies CMD Rajiv Mody to float a $18.7 Mn (INR 125 Cr) fund Ideaspring Capital. Founded in 2016, the Ideaspring Capital fund will identify entrepreneurs with deep technical expertise working in early stage product innovation startups in India. Naganand Doraswamy, Managing Director & CEO of Ideaspring Capital said, “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.” The key focus areas of the fund will be…


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