Persistent Systems Sets $10mn Angel Fund; Will Do ‘Idea Investing’

Pune based Persistent systems has setup $10mn VC Fund to invest in early-stage tech startups.


“We are doing idea investing and not investing in a business model,”the company’s Chief Operating Officer Mrityunjay Singh told PTI.

Persistent is focusing on investing in up to 40 startups using the fund (has already invested in 5 startups, including wearable tech startupp , Hyginex from within the country as well as outside, especially in the US and Israel).

The company had also acquired Hoopz in 2014.

Add comment

NextBigWhat brings you curated insights and wisdom on product and growth from the wild web.

Over 2 million people receive our weekly curated insights.