T-Hub, Dallas VC sign MoU, KTR says partnership will support entrepreneurs

IT Minister K T Rama Rao said that he wanted Telangana to become India’s and world’s largest space for startups

K T Rama Rao

HYDERABAD: A US and India based cross-border Venture Capital firm Dallas Venture Capital (DVC) announced the DVC India Fun with India’s leading startup incubator T-Hub, to fund Indian startups and help entrepreneurs become successful on a global scale. The DVC fund, around Rs 350 crore, would support existing and new portfolio startups in the emerging tech field.

Telangana Minister for IT and Industries K T Rama Rao, who was the Chief Guest in the MoU signing event on Friday, said that he wanted Telangana to become India’s and world’s largest space for startups. He said, “Raising capital is not a challenge, all investors want an opportunity to invest and India, with a huge talent pool, gives that opportunity to investors. What is actually a challenge is gaining soft skills which will help your startup grow and go places. The partnership between T-Hub and DVC will provide startups not just capital, but also help with developing their soft skills, so that startups not only grow number-wise, but also impact wise.”

The partnership was done as a part of DVC's focus in 2023 that aims at scouting startups to help them scale their business, enabling them to increase their customer base.With T-Hub's support, DVC will get empowered to find fast-growing, innovative startups.

The chosen startups would get support to create innovative technology that meets global market needs, increase their IT infrastructure efficiency and team's productivity, and improve their top-line performance.

Speaking at the event, MD of DVC Dayakar Puskoor said, "The best of the B2B SaaS startups are being minted in India, and as a cross-border VC, Dallas Venture Capital is uniquely positioned for helping startups scale and grow globally through the DVC Advantage Program. We are focused on supporting entrepreneurs to become successful with our 4C police - Capital, Counsel, Connect and let them Control their own business.”

DVC India Fund invested in five startups- Disprz-Al-powered right skilling suite, IntelleWings- Al-powered & SaaS enabled AML/CFT Compliance, VuNet- A transaction monitoring platform, BluSapphire- SOC Automation SaaS platform and Hippo Video - Video based Sales/CX Engagement Platform in the last 12-14 months. The founders of all the five events, at the event, said that their association with DVC led them to reach the global market.

DVC India Fund plans to invest in startups that have the potential to scale globally through their proven market history with local enterprises in 2023. They would deepen their relationship with the stakeholders across the startup ecosystem in India and continue accelerating DVC Advantage to deliver superior outcomes for investors and portfolio companies.

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