Mindtree Founders To Start $120 Mn Fund For Early Stage Startups in India
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After their exit from the IT consultancy firm Mindtree, following the takeover by Larsen and Toubro, the three founders — Krishnakumar Natarajan, NS Parthasarathy, and Rostow Ravanan — have decided to start their own $120 Mn fund to invest in tech startups. According to a report in TOI, the fund is currently awaiting the approval of the Securities and Exchange Board of India (SEBI). It will focus on startups working in the areas of the internet of things (IoT), analytics, and digital arenas and will be structured as an alternative investment fund (AIF). The Mindtree co-founders have previously invested in few startups in a personal capacity as well.
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Suprotik Sinha is the Content Writer with Synkrama Technologies. He writes about technologies and startups in the global enterprise space. An animal lover, Suprotik, is a postgraduate from Symbiosis Institute of Mass Communication (SIMC) Pune. He carries 3+ years of experience in mainstream broadcast media where he worked as a Journalist with Ibn7 and Zee Media in Mumbai.
