IT industry leaders like Mohandas Pai, B.V. Naidu and J.A. Chowdary have come together to set up a seed funding company, ‘StartupXseed Ventures’, to invest in startups working in areas like security, semi conductors and embedded devices.
StartupXseed Ventures launched a Rs. 30-crore Aaruha Technology Fund (ATF), that will provide end-to-end support to seed-level companies.