Mohandas Pai Joins Patni Brothers To Launch A 125 Crore Early Stage Startup Fund, 'Ideaspring Capital' - The Tech Portal

When it comes to new age tech segments -- machine learning, IoT, augmented/virtual reality, India still has very few startups. To boost innovation and encourage entrepreneurs working in these domains, a new startup fund called Ideaspring Capital worth 125 crores has been set up by a clutch of famed investors and businessmen, reports ET. The fund will focus on new-age tech companies working in areas such as Machine Learning and Deep Learning, Computer Vision and Image Processing, Big Data Analytics, Internet of things, Augmented and Virtual Reality, Internet Security,etc. We will invest in 4-5 firms annually. Initially, we will invest up to Rs 3 crore in the seed round that would last them for 12-18 months.