Hyderabad, January 13
Dallas Venture Capital, which is based in the US and in India, has launched the ₹350 crore DVC India Fund, in association with start-up ecosystem enabler T-Hub.
The VC company, which has already invested in five start-ups from this fund , is registered with the Securities and Exchange Board of India (SEBI ).
The five start-ups that DVC India Fund invested in so far are Disprz, IntelleWings, VuNet, BluSapphire, and Hippo Video.
The fund focuses on investing in start-ups working in cloud infrastructure, business-to-business SaaS (softare-as-a-service), artificial intelligence and machine learning, mobile and other emerging technologies.
Cross-border fund
DVC is an early-stage $125-million cross-border fund. It already deployed $50 million in 33 investments.
Announcing the launch of the fund, DVC India Fund Managing Director Dayakar Puskoor said as a cross-border VC, Dallas Venture Capital was positioned well to help start-ups scale and grow globally through the DVC Advantage Program.
He said the association with T-Hub will help it find fast-growing and innovative start-ups.
“In addition to our initial and follow-on capital, we are able to secure growth stage investments from strategics and later-stage funds through a combination of our pre-existing relationships and brand name,” a DVC executive said.
“Start-ups will be able to learn from DVC’s vast pool of mentor experts, access to networks and other resources,” M Srinivas Rao, Chief Executive Officer of T-Hub, said.
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