Venture fund for product start-ups launched in Bengaluru

Ideaspring Capital will focus on early-stage product innovation Bengaluru, April 25:   Ideaspring Capital, an early- stage venture fund by entrepreneurs for entrepreneurs, announced its official launch in Bengaluru on Monday. The ₹125-crore fund will focus on early-stage product innovation start-ups in the country in key areas, including machine learning & deep learning, computer vision & image processing, big data analytics, Internet of Things, augmented & virtual reality, HealthTech, FinTech, amongst others. Start-ups will receive up to ₹3 crore seed funding and subsequent co-investment at Series A stage of up to ₹5 crore. Investors and entrepreneurs, including Naganand Doraswamy, Mohandas Pai, Arihant Patni, Amit Patni, Prashant Deshpande and Rajiv Mody, lead the fund. Through its ‘Startup Assist’ programme, Ideaspring Capital will help start-ups build scale in product management, customer management, and…


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