The investment will help start-ups build products and services to grow business and sustain financially Fund will be backed by IT professionals having deep domain expertise
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Tag: T V Mohandas Pai
Virtual reality start-up absentia secures $1.2 mn funding from exfinity, others
Bengaluru-based AI and virtual reality startup Absentia VR has secured $1.2 Mn (INR 8 Cr) in its Pre-Series A round of funding from Exfinity Venture Partners, T.V Mohandas Pai, Deepak Ghaisas, Girish Paranjpe, and V. Balakrishnan. The startup will deploy the funds to build its new offering, Norah…
SIDBI inks pact with LIC to boost venture capital ecosystem
Small Industries Development Bank of India (SIDBI) said it has tied up with Life Insurance Corporation of India (LIC) for augmenting capital support to enterprises in the country. The idea behind tying up with the state-run insurance behemoth is to give a boost to the venture capital ecosystem fo…
Year in Review: Kunal Shah of FreeCharge biggest angel investor in 2016
Top 10 corporate leader-turned-angel investors, including Anupam Mittal, Ratan Tata and Mohandas Pai, tightened the strings of their investment purses this year, putting their money in only 60 deals. Last year, the top 10 investors in the country had put their money in 209 deals, according to the…
Large companies, not varsities are new startup garages| Anand Mahindra
Large corporations, and not necessarily reputed tech schools like IITs or MIT, are the new startup garages as big businesses race to stay relevant, Mahindra Group Chairman Anand Mahindra has said. “The new garage is not necessarily in the MIT or Stanford or the IITs. It is in fact, back in …
Top 10 Angels give wing to 425 Startups
India’s top 10 angel investors — call them archangels — have supported and helped build 425 Indian startups over the past 10 years, according to estimates by startup database Xeler8. That’s a significant figure, given that the startup ecosystem is still in its infancy, and reflects th…
JustDoc gets seed funding
JustDoc, a healthtech startup, has raised seed funding from TracxnLabs, T.V. Mohandas Pai, Mohit Saxena (Co-Founder, InMobi), Raghunandan G (Co-Founder, TaxiForSure), Singapore Angel Network and others. JustDoc, enables patients to do video consultations with doctors via its website. Earlier this…
SBI launches specialised branch for Start-ups
State Bank of India (SBI), India’s largest lender, on January 14 opened a specialized br—SBI InCube—that will cater to the specific financial needs of start-ups in Bengaluru. The branch will assist start-ups in cash management, taxation, regulations, foreign exchange and remittances, mentoring, a…
TV Mohandas Pai plans Rs 100-crore family office fund for technology startups
The Startup India initiative may well get a head start with investors showing an appetite to create additional venture funds in the country. Former Infosys Board member T V Mohandas Pai, one of India’s foremost angel investors, is finalising a family office fund which will look at seed funding t…
Start-ups can now pitch for government contracts in Karnataka
Karnataka plans to become the first state in the country to allow start-ups to pitch for local government contracts, a move that could potentially revolutionise procurement for government agencies by bringing down costs and access to new technology solutions. The move called ‘the start-up forum’,…