Hyderabad: Entrepreneur Shashi Reddy-led SRI Capital on Tuesday said it would invest $2 million in Singapore-based Foyr (RBJ International Pte. Ltd), the maker of software platform Foyr.
Foyr is a leading VR technology firm and its software is extensively used by interior designers, architects, and property developers. It has its development centre in Hyderabad.
This is the first investment by SRI Capital since it announced the launch of its $100 million venture fund based in Philadelphia.
SRI Capital is a US registered fund that invests in early stage tech startups that target the US enterprise market or the Indian consumer market. Foyr intends to use the money raised in Series A to enter the US market.