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Ideaspring’s $19M fund to invest in IoT, VR, fintech & more

Bangalore based Ideaspring Capital has launched a Rs 125 crore ($18.7 million) fund to invest in startups in India. A majority of investment in this fund has come from Aarin Capital along with a slew of investors like Naganand Doraswamy, Mohandas Pai, Arihant Patni, Amit Patni, Prashant Deshpande and Rajiv Mody. The early stage venture fund will work with enterprise products in major cities and will decide based on intellectual property like algorithms and deep technology. The fund will cover areas of machine learning, deep learning, computer vision, image processing, big data analytics, IoT, augmented reality, virtual reality, health-tech and fin-tech among others. Through the ‘Startup Assist’ program, the company will help startups to scale product and customer management and build global products. It will also advise on business market fit. Ideaspring expects to invest in 4-6 startups every year. Recently announced funds in India: – Last week, VC firm Matrix Partners India raised $110 million from its existing network of unnamed investors for its second fund, taking its value to $400 million. – At the same time, ICICI Venture Funds Management completed raising $190 million for its fourth fund titled India Advantage Fund Series 4, from existing investors and an unnamed Asian sovereign wealth fund. – Last month, medical equipment provider Trivitron’s Managing Director GSK Velu floated two investment funds worth $175 million. – In the same month, equity firm Paragon Partners launched Paragon Partners Growth Fund I, a $200 million India focused fund for financial services, infrastructure services,…

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I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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