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Alivaa Hotels announces launch of its mid-scale brand in Gurugram 

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Alivaa Hotels is about to launch its mid-scale brand, The Hoften—”Hotels where you stay often”—in Gurugram, providing budget-friendly accommodations and top-notch hospitality for business and leisure travelers.

At Hoften, the company aims to redefine home-like comfort, offering a warm service and inviting atmosphere for all guests. The brand emphasizes that a hotel should feel like a home, not just a place to sleep. Their vision is to create a cozy and welcoming experience, no matter how frequently guests visit.

Gurugram is rapidly becoming one of India’s liveliest cities, drawing in expatriates, tourists, and business professionals. Its proximity to Delhi and excellent highway and airport connectivity make Gurugram a prime spot for hospitality ventures. With its upscale shopping, fine dining, and cultural sites, this vibrant city is an ideal location for Hoften’s first hotel in India.

Located in the heart of Gurugram’s Sector 51, The Hoften Sukhvasa, operated by Morpho, offers convenient access to business hubs and medical centers. The hotel features various comfortable rooms, a stylish restaurant, and in-room dining options. With two spacious banquet halls and a rooftop event space, it’s perfect for gatherings of all sizes. Guests can choose from suites with a jacuzzi or well-appointed rooms. High-speed internet and on-call medical services add to a worry-free and seamless experience.

Vikramjit Singh, founder and CMD of Alivaa Hotels, said, “We are thrilled to announce our further expansion in Gurgaon with this new brand. This addition will complement our existing upscale property in the city, further enhancing our commitment to providing exceptional hospitality and experiences in this beautiful region.”

QubeHealth raises pre-series A funding from UIV, CanBank 

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Chris George, co-founder & CEO, QubeHealth

Deep-Tech-focused, early-stage venture fund Unicorn India Ventures and CanBank Venture Capital Fund have led an undisclosed investment into QubeHealth, a healthcare payments company based in Mumbai, as part of its Pre-Series-A funding round. This move prepares QubeHealth for its upcoming Series-A round, with a projected Rs. 270 crore valuation.

The funds will accelerate QubeHealth’s tech development and enable new feature launches, such as embedded insurance, a gen-AI-powered recommendation engine, and a healthcare marketplace. The company aims to raise around $9 million in its forthcoming Series-A round.

“We are seeing massive growth, even though we are limited to the B2B-2C channel, for now,” said Chris George, co-founder & CEO of QubeHealth.

“Employees of our corporate clients are adding their family members and are paying for their healthcare multiple times in a month, giving us deep insights about out-of-pocket healthcare spending in India. We look forward to leveraging the support and guidance of these two institutional investors as we grow and prepare for our upcoming Series-A,” George said. 

QubeHealth-Pay, a mobile app, empowers Indians to pay for family healthcare bills from various fund sources, covering hospitals, clinics, doctors, and pharmacies. Users benefit from an instant cash-back discount on every payment and can access immediate medical financing if health insurance doesn’t cover the bill.

Employees and their families from major Indian companies, like Flipkart, Tata Teleservices, and 300 other employers, actively use the QubePay app to pay at any health or medical provider in India. QubeHealth has achieved over 400% growth this year by distributing its product through employers to employees and their families via a B2B2C channel. By the end of the financial year, Qube is on course to process over Rs 100 crore in healthcare payments.

L&T to acquire 21% stake in AI cloud provider E2E Networks 

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Seema Ambastha, chief executive of L&T data centre and cloud business

Larsen & Toubro (L&T), a major player in engineering, announced on Tuesday that it will purchase a 21% stake in E2E Networks, an Indian AI cloud provider, through an all-cash transaction worth ₹1,327 crore. 

Additionally, L&T revealed a strategic partnership with E2E, marking a significant move in the tech industry.

In a two-part agreement, L&T plans to acquire 4.17 million equity shares of E2E Networks, representing a 21% share in the company. 

“Collaborating with E2E Networks allows us to offer our clients seamless, scalable and secure cloud experiences,” said Seema Ambastha, chief executive of L&T data centre and cloud business.

According to L&T’s statement to the BSE, E2E specializes in cloud computing platforms powered by CPUs and GPUs, enabling large-scale AI and general computing tasks in partnership with Nvidia.

Following the acquisition, L&T will have the authority to appoint up to two directors to E2E’s board.

“The strategic collaboration between E2E Networks and L&T marks a significant milestone for the future of adoption of domestically built hyperscaler cloud platforms in India,” said Tarun Dua, chairman and managing director of E2E Networks.

Through this alliance, L&T will combine E2E’s cloud and AI platform with its own data center and cloud expertise. This collaboration aims to provide robust cloud solutions to empower startups and enterprises.

E2E offers advanced cloud computing tools, including the AI/ML platform TIR and high-performance cloud GPUs like Nvidia A100, H100, and H200.

ROHL expands presence in Madhya Pradesh

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Royal Orchid Hotels Ltd (ROHL) has launched its first Regenta Place property in Gwalior, a bustling city in Madhya Pradesh. This hotel marks ROHL’s third property in the state. Located just 7 km from the bus stand and railway station and 20 km from the Gwalior Airport, this budget-friendly hotel aims to be a top choice for travelers seeking comfort and convenience.

Regenta Place Gwalior offers 39 spacious rooms across premium (320 sq. ft.), executive (275 sq. ft.), and deluxe (250 sq. ft.) categories. Each room provides modern amenities for a luxurious stay, with some rooms showcasing breathtaking views of the famous Gwalior Fort. Guests can enjoy a variety of cuisines at ROHL’s all-day dining restaurant, Pinxx, or unwind at the Sky & Beyond Poolside Bar Lounge, which serves exotic cocktails and mocktails with stunning city views.

Known as the heart of India, Madhya Pradesh has seen a significant increase in tourist visits, from 34.1 million in 2022 to 112.2 million in 2023. This growth is driven by the state’s rich attractions, including 12 national parks, 25 sanctuaries, 7 tiger reserves, and 14 UNESCO World Heritage Sites. Gwalior, a city famous for its temples, palaces, and historical sites, attracts tourists worldwide. With Regenta Place Gwalior, ROHL aims to meet the growing demand for accommodations in this vibrant city, supporting Madhya Pradesh’s expanding tourism industry.

Speaking about the inauguration, Chander K Baljee, Chairman and Managing Director, ROHL, said, “The state is witnessing a remarkable increase in tourism and ROHL will propel this growth by further supporting the tourists to discover the state’s hidden gems, particularly focusing on spiritual and heritage destinations. Gwalior is known for its distinctive flavours, glorious past, and architectural grandeur, which makes it a perfect location to travel. Expanding footprints in the state is strategically aligned with our vision to be present in all places where tourism is thriving”.

Regenta Place Gwalior sits in a prime location, offering easy access to top landmarks such as Gwalior Fort, Jai Vilas Palace, Teli Ka Mandir, Tomb of Mohammad Ghaus, Sun Temple, and Madhav National Park. For business needs, the hotel provides a board meeting room and two conference rooms, perfect for meetings, conferences, and events.

Known for its historic palaces, temples, and lush green surroundings, Gwalior draws in visitors eager to explore its heritage and spiritual sites. With rising tourism in the area, travelers are uncovering more of Madhya Pradesh’s hidden gems. The opening of this property aligns with ROHL’s expansion strategy to establish a presence in key markets with high tourism demand.

India’s computer market to grow 5.1% annually over next five years: report 

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India’s computer market will likely see a steady annual growth rate of 5.1% over the next five years, according to a report by S&P Global Market Intelligence.

The financial analytics firm also highlighted that India’s laptop imports rose by 10.8% year-over-year during the three-month period ending in August. Apple-related shipments significantly contributed to this surge.

If laptop assembly in India expands, imports of components could also increase, with mainland China and Hong Kong already supplying a large portion of these parts (excluding semiconductors) as of August 2024.

“That may lead the government to incentivize reshoring of component manufacturing as well as assembly,” the recent report noted. 

The market intelligence firm suggests that India might reintroduce import restrictions on laptops in 2025, after loosening these regulations in 2023. 

“Other policies including production-linked incentives may be considered to expand the domestic manufacturing industry,” the report asserted.

It also noted that India’s regulatory risks have dropped below those of similar countries, making it a more attractive destination for reshoring.

India is steadily evolving into a key hub for electronics manufacturing, especially for smartphones and laptops.

Wealth fund INA, VC firm Granite plan to invest $1.2 billion in Indonesia tech 

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The Indonesian sovereign wealth fund, INA, and Singapore’s venture capital firm, Granite Asia, have unveiled a joint investment of up to $1.2 billion aimed at the technology sector in Indonesia. Their focus will also include businesses with strong connections to Southeast Asia. 

This investment will include both equity and hybrid capital. However, the companies did not specify the exact amount each will contribute or the timeline for these investments. They also have not disclosed the names of any intended beneficiaries.

INA, the Indonesia Investment Authority, was founded in 2020 to partner with both global and local investors, aiming to invest in key assets across the country. 

Last week, INA highlighted its toll road platform, which includes investments from APG (a Dutch pension fund) and the Abu Dhabi Investment Authority. This platform has notably invested in parts of Indonesia’s Trans Sumatra Toll Road.

Granite Asia, previously associated with venture capital firm GGV Capital, now manages assets worth $5 billion, as stated in their recent announcement.

GitHub has over 17 million Indian developers on its platform

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In 2024, over 17 million developers in India are actively building on GitHub, a Microsoft-powered platform supported by Copilot. According to GitHub, this represents a 28% growth, positioning India as one of the fastest-growing developer communities worldwide. 

Additionally, India now ranks second globally in GitHub Education users, contributions to public generative AI projects, and open-source contributions. GitHub Education provides essential resources for students and educators to learn and teach software development. 

The company’s latest Octoverse report highlights a surge in generative AI activity in India, indicating that AI has progressed beyond the experimental phase 2023, with many developers and companies now focusing on tangible outcomes.

“Our latest Octoverse report affirms that India’s developer community is the fastest-growing developer population on the planet. India’s rise as a global tech titan is now inexorable. Not only this, but India’s booming developer community is using AI to build AI in record numbers, making it evermore likely that the next great multinational will come from India,” said GitHub CEO, Thomas Dohmke. 

India is quickly becoming the second-largest developer community contributing to public generative AI projects on GitHub, following the United States. Contributions from Indian developers have surged 79% from last year. Notably, India’s involvement in these projects has grown by 95% year-over-year, ranking it third globally, just after the US and Hong Kong (SAR).

India’s developers are making impactful contributions to society through open-source projects like ERPNext. This project has the highest number of contributions under GitHub’s “For Good First Issue” category, connecting developers with initiatives to solve societal challenges and promote sustainable development. 

Additionally, Indian open-source communities are leveraging GitHub Copilot, an AI-powered coding tool, to create digital solutions. For instance, the Open Healthcare Network, an open-source group, focuses on enhancing healthcare delivery and management.

GitHub forecasts that India will surpass the US as the world’s largest developer community by 2028. During its tenth annual developer conference, GitHub Universe ’24, the company introduced significant updates to its Copilot-powered platform. 

Copilot is now evolving into a multi-model system, giving developers access to top AI models, including Anthropic’s Claude 3.5 Sonnet, Google’s Gemini 1.5 Pro, and OpenAI’s GPT-4o, o1-preview, and o1-mini, which all offer advanced coding support. GitHub also unveiled GitHub Spark, a new AI tool that lets users create personalized, fully functional web apps using only natural language.

As a Microsoft Copilot-powered platform, GitHub enables developers to build, scale, and deliver secure software. Today, more than 100 million developers rely on GitHub, including over 90% of Fortune 100 companies. Additionally, over 77,000 organizations have adopted GitHub Copilot.

Building a Million Dreams: The Visionary Behind Xartup’s Global Impact

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Mr. Shubham Panda, CEO Xartup

Imagine a world where entrepreneurial dreams aren’t limited by geography, background, or resources – where every founder has access to the knowledge, networks, and support they need to succeed. This is the world Xartup is creating. Founded by Mr. Shubham after a transformative journey from J.P. Morgan’s investment banking halls to the startup ecosystem, Xartup is revolutionizing how founders globally connect, learn, and grow.

What began as a personal quest through ventures like WanderGad, MarketGad, Cykal, and Juglr has blossomed into a robust platform that now connects over a million founders across 112 countries. Whether triumphant or challenging, each stepping stone in Shubham’s entrepreneurial journey has shaped Xartup’s unique approach to founder support and community building. The platform’s crown jewel, the Xartup Fellowship Program, has already graduated over 2,500 alums, featuring insights from industry leaders at Sleepy Owl Coffee, Zostel, and prominent VC firms.

Business Review Live had the chance to dive deep into the world of Xartup with its founder, uncovering how a former investment banker transformed his experiences into a global movement that has helped founders raise over $9 million in funding. Join us as we explore the story of a platform that’s not just about building businesses but about democratizing entrepreneurship – where every founder, regardless of their background, has an equal opportunity to turn their vision into reality.

BRL: Your journey from J.P. Morgan’s investment banking to founding startups is inspiring. Many professionals in finance dream of this shift but find the uncertainty daunting. What drove you to leave the security of investment banking, and how did you handle that first leap into entrepreneurship?

Leaving J.P. Morgan was a turning point. I strongly desired to build something of my own where I could make a direct impact. While banking offered stability, I craved the freedom to innovate outside its structured environment. I knew entrepreneurship would bring uncertainty, but I welcomed the challenge. Transitioning could have been smoother; it required a lot of trial and error. My early ventures focused on learning over success. Each step taught me something valuable—understanding the market or sharpening my leadership skills. I viewed every setback as a lesson, which helped me face the uncertainties with resilience.

BRL: The startup world often emphasizes fast growth and quick wins, but you’ve taken a different path with ventures like WanderGad, MarketGad, Cykal, and Juglr, each teaching you unique lessons. In a culture where failure is often discouraged, how do you view the role of these ventures that didn’t succeed in shaping your journey as an entrepreneur?

Failure may carry a stigma, but it’s been my ultimate teacher. Each venture helped shape my approach to entrepreneurship. WanderGad taught me about timing, MarketGad stressed the importance of meeting user needs, Cykal highlighted the value of building a solid community, and Juglr showed me how crucial it is to find a product-market fit in niche areas. While none became widely recognized, each venture offered critical insights into building Xartup. I don’t see them as failures—each was a stepping stone that honed my entrepreneurial instincts.

BRL: Xartup now connects over a million founders across 112 countries. With such a diverse community, how do you keep the platform valuable and relevant for founders from various cultures and markets?

We prioritize ongoing communication and adaptation to maintain relevance and value for Xartup’s diverse communities. We gather feedback regularly, allowing founders to share their challenges and needs so we can respond promptly. Our content and programs are tailored, not generic. We localize resources and involve mentors and experts from specific regions. This approach ensures our global principles of entrepreneurship remain adaptable to unique market dynamics. By continuously learning from our community, we stay committed to delivering meaningful value across all borders.

BRL: The Xartup Fellowship Program has graduated over 2,500 alums. With renowned guest faculty from companies like Sleepy Owl Coffee, Zostel, and several VC firms, how do you select and design learning experiences to deliver the most excellent value for early-stage founders?

The Fellowship Program aims to deliver practical, real-world knowledge—not just theory. We carefully choose guest faculty who have built their businesses, focusing on those who offer practical insights rather than textbook concepts. We aim to balance inspiring stories with hands-on workshops that give founders immediate tools to tackle their challenges. Peer learning is also central, allowing founders from varied backgrounds to learn from one another. By blending expert-led sessions, interactive case studies, and networking opportunities, we create a well-rounded, impactful experience.

BRL: You’ve partnered with tech giants like Amazon AWS, IBM, and Freshworks. For many early-stage founders, securing such partnerships feels challenging. What’s your approach to building meaningful corporate partnerships?

Corporate partnerships thrive on mutual value. When reaching out to companies like Amazon AWS or IBM, I focus first on understanding their goals—whether they aim to expand their ecosystem, gain customers, or boost brand visibility. Then, I position Xartup to help meet those goals while benefiting our community. It’s all about creating a win-win scenario. Starting small, with pilot projects or scalable collaborations, is wise for early founders. Trust and aligned values are essential; more extensive partnerships often develop naturally.

BRL: Xartup’s community members have impressively raised over $9 million in funding. From your experience, what common traits do founders with successful funding rounds share compared to those who face challenges?

Successful founders usually share a few key traits. First, they clearly define the problem and solution, presenting them in a way that engages investors. They also demonstrate traction—not only through revenue but by validating their product with real users. Additionally, they have a compelling story, showing a strong connection to their company’s mission. In contrast, founders who struggle often lack focus. They either try to solve too many problems simultaneously or haven’t validated their core ideas enough to win investor confidence.

BRL: Your experiences with MarketGad and Cykal taught you the importance of user-centricity. How do you apply this approach in developing Xartup’s community offerings?

At Xartup, user-centricity guides every step we take. My experiences showed me that it could quickly fail to meet its goals without succeeding in a meeting engagement. So, we actively seek feedback from our community through surveys, one-on-one chats, and real-time analytics. This input shapes how we adjust our services. Whether launching new features or refining current ones, our choices reflect what users want rather than what we assume they need. This approach keeps us in sync with the founders’ real needs and priorities.

BRL: India’s startup ecosystem has transformed dramatically in recent years. Having experienced traditional corporate roles and several entrepreneurial ventures, how do you view these changes in the Indian startup landscape, and what excites you most about the emerging opportunities?

India’s startup ecosystem is at an inflection point. While more funding is available, the real thrill comes from the growth of startups in Tier 2 and Tier 3 cities. These founders are tackling local challenges with global reach solutions, and platforms like Xartup are helping them access vital resources and networks. Another exciting shift is the rising focus on deep tech and sustainability startups, sectors with increasing interest and strong potential for global impact. The ecosystem is no longer limited to fintech and e-commerce; it’s now branching out, creating even more opportunities.

BRL: Your newsletter ranks 14th worldwide on Substack, an impressive achievement. Amidst today’s content overflow, how do you ensure your content truly connects with founders?

Content overload is undeniable, so I prioritize value over sheer volume. I always ask, “What can founders gain from this content that benefits them right now?” Through case studies, practical advice, or hard-learned lessons, I make sure each piece offers immediate usefulness. Authenticity matters too—I share wins and setbacks, allowing founders to connect with the entire journey, not just the outcomes. In a crowded field, fundamental insights and practical takeaways help our content rise above the noise.

BRL: Community building is now a buzzword in the startup world, but sustaining active communities can take time and effort. What principles have helped you grow Xartup’s community while keeping quality and engagement high?

Building a community revolves around trust, authenticity, and a shared purpose. Growing the Xartup community while maintaining quality has depended on these core values. We carefully select members to ensure they align with our mission of supporting founders’ growth. Engagement thrives when members gain actual value, like access to exclusive resources, expert mentorship, or networking opportunities. We’ve also nurtured a culture where members openly share successes and challenges. By promoting transparency and mutual support, we’ve kept engagement strong as the community expands.

BRL: Based on your experience in hardware (WanderGad), fitness tech (Juglr), and community building (Xartup), what have you learned about sector selection and timing for entrepreneurs?

Selecting a sector involves a mix of passion, expertise, and market opportunity. However, timing is crucial. At WanderGad, I entered the market too early. In contrast, at Juglr, I discovered that niche industries require careful validation. Timing is vital because even the best product can only succeed if the market is ready. Entrepreneurs must watch for emerging trends and market signals. They also need to confirm sufficient demand to support their business. My experiences have taught me to balance personal belief with external market validation.

BRL: As someone who built a platform for underserved founders, what systemic challenges in the startup ecosystem still need addressing, and how is Xartup working to resolve them?

Access to capital and networks remains a significant challenge for underserved founders, particularly those in Tier 2 and 3 cities. Many founders need help finding the resources and connections to grow their businesses. Xartup aims to address this issue by democratizing access to knowledge, mentorship, and partnerships. We are creating a platform allowing any founder, regardless of location or background, to connect with a global support network. By prioritizing inclusivity and accessibility, we strive to level the playing field and give every founder an equal chance to succeed.

Beyond Talk, Into Action: Mumbai’s World AI Show Drives Real AI Change

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Mumbai, 30 October 2024, Wednesday: The 43rd global edition of the World AI Show in Mumbai came to a resounding conclusion, bringing together top-notch tech leaders, government officials, and policymakers to examine the next steps in the adoption of Generative AI and how it lays the groundwork to empower AI. The grand event was held on 24 October at Hotel Sahara Star, which provided a platform to showcase next-gen innovations, practical use cases, and AI-driven solutions across industries.

The conference featured engaging panel discussions, insightful keynote presentations, and impactful addresses, all highlighting the latest advancements and the strategic advantages enterprises could benefit from through the swift adoption of AI technologies.

With over 400+ C-level decision makers in attendance, Industry leaders shared actionable strategies for leveraging these innovations, offering valuable insights into maintaining competitiveness in a fast-evolving digital landscape. Topics of discussion ranged from AI maturity in IT, emerging technologies shaping the future of AI, leadership strategies for driving successful AI Transformation, and more. 

One of the panel discussions focused on “Leadership Strategies for Driving Successful AI Transformation.” Moderated by Dr. Ganesh Natarajan, Chairman of Honeywell Automation & 5F World, the panel explored key strategies required to drive AI transformation. Panellists Shvetal Desai, Co-Founder of Nividous; Sujatha S. Iyer, Head of AI Security at ManageEngine; Tapan Singhel, MD & CEO of Bajaj Allianz General Insurance; Naiyya Saggi, Group Co-Founder & Board Member at Good Glamm Group; C.P. Gurnani, Co-Founder & Executive Vice Chairman of AlonOS; and Ashwini Tewari, Managing Director at State Bank of India, shared insights on the importance of investing in AI talent, skills development, and infrastructure.

During the discussion, Shvetal Desai, Co-Founder, Nividous, stated,” In today’s fast-paced world, AI-driven automation is not a choice but a necessity. By integrating AI, RPA, and low-code platforms, businesses can unlock unprecedented efficiency, driving innovation and gaining a strategic edge.”

In today’s fast-paced world, AI-driven automation is not a choice but a necessity. By integrating AI, RPA, and low-code platforms, businesses can unlock unprecedented efficiency, driving innovation and gaining a strategic edge.

Another noteworthy session that grabbed attention was the tech talk on AI maturity in IT. The talk delivered by Sujatha S Iyer, Head of AI Security, ManageEngine shared her insights on the current state of AI, digital and AI maturity, and the road ahead with a focus on contextual intelligence. 

While speaking about AI maturity during the session, she said, “AI has evolved from back-office support to becoming a boardroom agenda. Organizations need to embrace digital and AI maturity to stay ahead, leveraging contextual intelligence to drive strategic innovation.”

“The 43rd global edition of the World AI Show served as a dynamic platform, fostering innovation and facilitating invaluable knowledge exchange through engaging conversations. As India’s financial capital, Mumbai plays a pivotal role in shaping the nation’s technological future, positioning itself as a key hub on the roadmap to digital advancement,” said Anil Kumar, COO, Trescon.

The World AI Show has solidified its place as a key hub for knowledge sharing, collaboration, and business development within the AI community. As preparations for the next edition begin, excitement is growing for what promises to be an even more remarkable event.

The 43rd edition of the World AI Show was supported by: 

Platinum Partner – MAGURE Tech Middle East

Gold Partner – Manage Engine

Silver Partner – Nividous

Exhibitors – ADQ, Citiuscomm, Apto.AI, Salesken

Supporting Association – Indian Society of Artificial Intelligence and Law

Association Partner- IPF Startup Hub

Official Event Tech Partner – KONFHUB

Official Print Partner – Business Standard

About Trescon  

Trescon is a pioneering force in the global business events and services sector, driving the adoption of emerging technologies while promoting sustainability and inclusive leadership. With a deep understanding of the realities and requirements of the growth markets we operate in – we strive to deliver innovative and high-quality business platforms for our clients. 

For more information about Trescon, visit: www.tresconglobal.com    

For media inquiries and further information, please contact:   

Vishal S S  
Media, PR, and Corporate Communications Specialist
Trescon 
Email: vishals@tresconglobal.com  
Mobile: +91-7358680951

Venture fund TurboStart launches new platform to connect startups and investors 

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Ganesh Raju, founder and CEO, TurboStart

TurboStart, a Bengaluru-based venture capital firm, recently launched TS Bridge—a platform connecting investors with promising startups at various stages. Currently, TurboStart’s network includes 170 investors, with plans to expand to 1,000 in the first year. This initiative aims to support more than 30 startups in its first phase, according to Ganesh Raju, TurboStart’s Founder and CEO.

“Unlike traditional funds that require high-value investments, TurboStart’s model allows smaller ticket sizes, enabling more investors to participate with multiple transactions with full transparency,” he said, adding that the company will host startups on its platform only after TS has invested in them. Since its inception in 2019, the company has invested in 52 startups.

Through TS Bridge, the company provides two investment categories: Scout, for super early-stage startups with an idea or MVP, and Rise, focused on later-stage startups up to Series A. The first four startups selected for TS Bridge include REALM by Lighthouse Realty Solutions, a platform for luxury real estate management; ToHands, a fintech service designed for Kirana stores; Skylark, a full-stack drone company; and Autoflow, an automation platform powered by LLM.

“Unlike typical angel investment platforms that leave funding decisions to individual investors, TurboStart ensures strategic backing by setting performance milestones and mentoring from participants. Funds are released in phases as these milestones are met, driving accountability and growth,” Raju said.

“We see a golden opportunity for India’s startup ecosystem, especially in sectors like healthcare, defence, and space tech,” Raju added, pointing to recent geopolitical shifts globally.

Over the past three years, TurboStart successfully closed two funds, raising about USD 60 million by the end of 2023. Raju emphasized that the firm aims to onboard 50,000 investors in the next 2-3 years, addressing strong market demand for collaborative investment opportunities. TurboStart also sees significant potential in the micro-funding model from Tier-2 and Tier-3 cities and plans to expand into areas like Coimbatore, Surat, Chennai, and Hyderabad with its fourth fund.

Speaking about the firm’s strategy for investing in deep tech and R&D-focused startups by committing smaller funds, Raju explained, “Despite perceived risks, we see a huge opportunity in deep tech and R&D. By allocating USD 250,000 out of a USD 10 million fund to these domains, the firm limits exposure, while also supporting innovation.”