Ideaspring Capital, an early stage venture fund by entrepreneurs announced its official launch in Bangalore with Rs 125 crore fund which will focus on early-stage product innovation startups and entrepreneurs in India.
Ideaspring Capital aims to bring sustained partnerships to startups and entrepreneurs through a unique high-touch model to foster global scale product innovation companies from inception. Eminent investors and entrepreneurs, including Naganand Doraswamy, Mohandas Pai, Arihant Patni, Amit Patni, Prashant Deshpande, Rajiv Mody, lead the fund.
The fund will work with entrepreneurs having deep technical and domain expertise, developing early stage enterprise products in major cities across India. Intellectual property in the form of algorithms and deep technology will be a key differentiator.
Key areas that the fund will cover include Machine Learning & Deep Learning, Computer Vision & Image Processing, Big Data Analytics, Internet of Things, Augmented & Virtual Reality, HealthTech, FinTech, amongst others.
Through its ‘Startup Assist’ program, Ideaspring Capital will help startups to build scale in product management, customer management, and building products for a global footprint. Ideaspring Capital will provide key interventions in aspects that include Business Market fit, product management, customer connects, and connect to next level of investors. Ideaspring Capital is planning to invest in only 4-6 startups a year and provide high touch Startup Assist program.
Ideaspring Capital has raised majority of its investment from Indian investors with Aarin Capital as the anchor investor.
“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,” said Naganand Doraswamy, Managing Director & CEO, Ideaspring Capital.