Startups

Idein Ventures forays in Israel, plans to invest $1M in 2-3 Startups this year

Idein Ventures has forayed in Israel to scout for innovative global startups. The venture capital firm is currently in the process of hiring analysts and research interns in Israel and is already associated with a few mentors and advisors to help filter companies there.

Idein Ventures forays in Israel, plans to invest $1M in 2-3 Startups this year

The venture capital firm is currently in the process of hiring analysts and research interns in Israel and is already associated with a few mentors and advisors to help filter companies there.

Ashwin Srivastava, co-founder of Idein Ventures says, “We have been working on this expansion plan for quite a few months and have explored a few interesting companies in the process. We are looking to invest in very early companies with technologies that can disrupt India, Middle East, US, Europe, and Africa markets- technologies that have truly global use cases. And in the process, we hope to not only provide money but strong guidance and mentoring to take them global. I have personally talked to quite a few entrepreneurs and angel investors from Israel and I see a huge untapped potential there despite the saturation of domestic funds.”

Co-founded by Rajeshwar Prasad, Mahesh Vellaboyina and Ashwin, Idein Ventures is a global private equity firm with its India offices in Hyderabad and Mumbai. The venture firm operates in pre-seed and seed stage investments in very early stage companies.

Idein Ventures is a technology agnostic private equity firm, looking to invest only around 1 million USD in 2-3 companies in the country this financial year; it hopes to increase its funding plans in Israel from next financial year. It is open to exceptions leading to change their funding plan depending on specific cases.

Besides India, the venture firm has its presence in UAE and in USA. So far, It has invested in companies such as Qriyo, Zoeasy, and Oxa among others.

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