StartupXseed Ventures LLP, a strategic seed funding company has announced the launch of Aaruha Technology Fund (SEBI Registered) with an initial investment of Rs.30 crores. It will invest in startups focusing 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 startup ecosystem in India in general and Bangalore/Hyderabad in particular. The company aims to provide end-to-end support to the seed level companies, supporting the ‘Make in India’ initiative of the government.
There are various challenges today that the startup community in India is combating, i.e. low key infrastructure, loosely coupled mentorship, lower investment from Angels and lack of exposure to international partnerships and VC partners. 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 itself.
StartupXspeed through its new initiative aims to provide strategic Co-founder programme, mentorship, international partnerships, and to build a support system for aspiring entrepreneurs with innovative ideas. The first startup it selected for the program is “ShieldSquare’, which operates in the area of “BOT prevention and Internet Security” area.
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.”
Founded in June 2015 by B. V. Naidu along with Mohandas Pai, J. A. Chowdary, Ramakrishna V and Ravi Thakur, StartupXseed 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.