US firm Dallas Venture Capital partners with T-Hub to boost start-ups based out of Hyderabad

Hyderabad: US and India-based cross-border venture capital (VC) firm Dallas Venture Capital announced the DVC India Fund and partnership with T-Hub on Friday. The partnership is part of DVC's focus in 2023 which aims to scout start-ups 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 start-ups. The start-ups will get support to create innovative technology that meets global market needs, increase their IT infrastructure efficiency and team productivity, and improve their top-line performance.

Telangana IT minister K.T Rama Rao along with Jayesh Ranjan, principal secretary (IT & IC), and M. Srinivasa Rao, the CEO of T-Hub, were present at the launch of the fund in Hyderabad on Friday.

"I am thrilled to be here today at T-Hub as we announce the launch of the DVC India Fund. This partnership between two promising institutions aims to make Telangana a leading IT hub. Our state has great potential to meet the growing demands of the global IT industry. Organisations like DVC and T-Hub, with their expertise and understanding of the international market, will be able to maximize the success of start-ups not only in Telangana but across India," said KTR.

Speaking on the DVC India Fund, Dayakar Puskoor, managing director of DVC, said, "The best of the B2B SaaS start-ups are being minted in India, and as a cross-border VC, Dallas Venture Capital is uniquely positioned to help start-ups scale and grow globally through the DVC Advantage Program."

Srinivas Rao Mahankali (MSR), the CEO of T-hub, said T-Hub is committed to rigorously enhancing the investment capacity of Telangana in deserving Indian start-ups based out of Hyderabad. "With our strategically planned partnership with DVC, we are hopeful that start-ups will get an opportunity to learn from DVC's vast pool of mentor experts, access to networks and elite resources. This will prove to be immensely helpful for the founders with assistance in refining their IT infrastructure efficiency and scaling their businesses to grow the customer base," he added.

DVC India Fund has already invested in 5 start-ups—Disprz, AI-powered right skilling suite; IntelleWings, simplified, AI-powered and 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.

"2023 is going to be a tough macro-economic environment, but global enterprises are at an early stage of the digital transformation journey. Hence, at DVC, we are very optimistic about start-ups helping enterprises digitally transform and solving real-world problems for them. We aim to help these start-ups scale their growth and reach a global forum of investors and advisors," said Abidali Neemuchwala, co-founder and director of DVC.