Bangalore, August 31, 2015: Strategic seed funding company , StartupXseed Ventures LLP, has launched the Aaruha Technology Fund with an initial investment of Rupees 300 million 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”.
Through unique offerings such as strategic Co-founder programme, strong mentorship, superior international partnerships, StartupXceed 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.
Said B.V.Naidu, Managing Partner, StartupXseed: “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.”
Added 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.”
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 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.