BANGALORE, September 3, 2015 /PRNewswire/ --
StartupXseed Ventures LLP, a strategic seed funding company today announced the launch of Aaruha Technology Fund (SEBI Registered), with an initial investment of Rupees 30 crores to invest in startups focussing around areas of High Technology Businesses including Security, Semicon and Embedded Devices. The vision of the company is to enrich and provide a stronger holistic support to the start-up ecosystem in India in general and Bangalore/Hyderabad in particular and aims to provide end-to-end support to the seed level companies, in line with the country's current focus on "Make in India".
Given the pace of advancements in technology and startup ecosystem in India it is necessary to build a stronger and holistic system at the seed level which is missing. There are various challenges today that the start-up community in India is combating - low key infrastructure, loosely coupled mentorship, lower investment from Angels and lack of exposure to international partnerships and VC partners. StartupXseed through unique offerings such as strategic Co-founder programme, strong mentorship, superior international partnerships, is aiming to build a more holistic support system for aspiring entrepreneurs with great ideas. This unique model of incubation and seed investment coupled with strategic support differentiates Startupxseed from any other current seed fund companies helping innovation to succeed in the technology and technology enabled areas across sectors in India.
Mr. B.V. Naidu, Managing Partner, StartupXseed, commented, "We are glad to announce the launch of Aaruha Technology Fund. The start-up revolution in India is at its peak, and our aim is to nurture this eco-system by utilizing the best available resources. This is a testament of our endeavour towards improving the start-up culture in India. StartupXseed is a unique programme combined with Seed fund, Strategic support, Market Access, Mentorship and closely supported by the Investor/advisory board of StartupXseed that will help transform start-ups into real businesses making significant impact on society at large."
Commenting on the occasion, Mr. T.V. Mohandas Pai said, "We are seeing a large number of exciting Deep Tech Start-ups who need expert guidance and seed capital. Aaruha is committed to being the Investor of choice for these start-ups."
Mr. V. Balakrishnan, Chairman, StartupXseed, said, "We carefully brought in the key differentiators like Networked Incubator Programme, International Relationships and tie-ups for follow-on funding to ensure our investee companies seamlessly graduate to the next level."
StartupXseed's leadership team, advisory board members and mentors who are spread across Technology Capitals - Bangalore and Hyderabad, possess a diverse skill-set encompassing operating, financial and deal backgrounds. The collective experience of the stalwarts and industrialists will help provide seed funding and incubation assistance in a more structured manner. It will assist portfolio companies to maximize their brand, business operations across multiple arenas of engagement by leveraging the existing entrepreneurial experience, extensive industry knowledge, operational expertise and flexible financial resources. This will in turn drive business growth, and create revenue channels maximizing returns of the companies.
StartupXseed also disclosed the name of the first start-up company "ShieldSquare" operating in the area of "BOT prevention and Internet Security" which was selected after a rigorous process.
"We are very excited for the Seed and Strategic Support from StartupXseed. With access to best practices, guidance from industry stalwarts, exposure to International Partners and VC partner connections at the initial stage will definitely help provide a cutting edge to us clubbed with a holistic development. This kind of commitment will help maximize the RoI for future Investors and enable faster time to market," said Pavan from ShieldSquare, Bangalore based start-up company.
StartupXseed also announced the MoU's with leading Incubators in Bangalore set up by IIITB, Dayanand Sagar University and eHealth Technology Business Incubator in PES University.
StartupXseed Ventures LLP is the Investment Manager of "Aaruha Technology Fund" registered with Securities and Exchange Board of India (SEBI) as Category I - under Alternative Investment Fund (AIF) Regulations 2012. StartupXseed is a strategic and differentiator programme, for supporting the aspiring entrepreneurs with great ideas. It combines Seed fund, Strategic support, Market Access, Mentorship and is closely supported by the Investor/advisory board. It acts as a 'Co-Founder/Seed Partner' in helping innovation to succeed in the Technology and Technology enabled areas across sectors in India.
Founded in June 2015 by Mr. B. V. Naidu along with Mr. Mohandas Pai, Mr. J. A. Chowdary, Mr. Ramakrishna V and Mr. Ravi Thakur, it is supported by like-minded team from the Industry, Academia and Professionals. The Fund focuses around areas of High Technology Businesses including Security, Semicon and Embedded Devices. For more information please visit http://www.startupxseed.in.
SOURCE StartupXseed Ventures