Editor's NoteIndian BeehiveNews

Dallas Venture Partners plans to focus on early-stage in AI and Machine Learning

Mumbai: Dallas Venture Partners (DVP) on Monday announced its plans to focus on early-stage and growth-stage companies with cloud infrastructure, AI/ML, mobile, and emerging technologies.

Dayakar Puskoor, a serial entrepreneur with a track record of successful investments will serve as the Managing Director of DVP.

The firm noted that Abid Neemuchwala, the former CEO and Managing Director of Wipro, would be bringing his extensive insight and relationship to DVP as a Venture Partner, the company said in a release.

Speaking on the occasion Dayakar Puskoor said, “A majority of startups require a “second act” during their growth stage. With deep technology expertise, industry knowledge, and market understanding DVP will provide this much-needed momentum to startups identified through targeted and insightful diligence efforts.”

DVP plans to make investments in cloud infrastructure, AI/ML, IoT, XR, and other emerging technologies in the range of US$ 2 million to 10 million both in early-stage and growth-stage companies.

The pre-existing version of DVP was a Venture Capital (VC) platform that successfully invested in twenty-one startups with multiple successful exits and with a combined portfolio enterprise value of more than US$ 1 Billion.

According to a report, more than 55,000 startups were launched in India in the last five and half years alone, out of which over 3,200 startups raised $63 Bn in funding.

The digital boom and technology disruption especially in the current times has led to an increased interest of investors, particularly in the tech-domain.

With its entry in India, DVP will tap the opportunities that the burgeoning tech ecosystem is offering to overseas investors. The fund aims to bring Silicon valley spirit from Dallas to India.

DVP envisions to help Indian startups grow global from local by making around $300-500 Million investment in the country and creating about $7-10 Billion Enterprise Value within a time span of 10 years.

And through this venture journey in India, Abid’s deep technology expertise, invaluable experience of building businesses, and understanding of the Indian market will be an asset for both DVP as well as the startups they fund will be investing in.

“India is fast becoming a hotbed for innovation and incubation but needs help with go-to-market acceleration. DVP with its time tested philosophy to Invest, Engage, Collaborate, Grow, and Exit
is well poised to not only to fund the market acceleration but increase the odds of success through its extensive network of advisors that offer unparalleled mentorship to the startups,” Dayakar added.

Dallas Venture Partners (DVP) is a Dallas/Irving, Texas-based venture capital company investing in early-stage B2B software companies and ambitious entrepreneurs looking to partner with investors who have been in their shoes through hands-on support in the areas of product and market development.

DVP is a reincarnation of Naya Ventures, a pioneering Dallas based venture capital company that has invested in 21 companies and has generated five exits to date.

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