Dallas Venture Capital partners with T-Hub to boost funding ecosystem in Telangana

HYDERABAD: US and India-based cross-border venture capital (VC) firm Dallas Venture Capital announced the DVC India Fund and partnership with T-Hub here on Friday. The partnership is a part of DVC’s focus in 2023 that aims to scout startups to help them scale their business, enabling them to increase their customer base. DVC will also work closely with existing and new portfolio companies for the same.

With T-Hub’s support, DVC will get empowered to find fast-growing, innovative startups. The startups will get support to create innovative technology that meet global market needs, increase their IT infrastructure efficiency and team’s productivity, and improve their top-line performance.

Speaking with the media, IT Minister KT Rama Rao said "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.”

“Organizations like DVC and T-Hub, with their expertise and understanding of the international market, will be able to maximize the success of startups not only in Telangana but across India,” he added.

Managing Director of DVC, Dayakar Puskoor said, “The best of the B2B SaaS startups are being minted in India, and as a cross-border VC, Dallas Venture Capital is uniquely positioned for helping startups scale and grow globally through the DVC Advantage Program.”

T-Hub CEO Srinivas Rao Mahankali “T-Hub is committed to rigorously enhancing the investment capacity of Telangana state in deserving Indian startups based out of Hyderabad. With our strategically planned partnership with DVC, we are hopeful that startups will get an opportunity to learn from DVC’s vast pool of mentor experts, access to networks and elite resources.

( Source : Deccan Chronicle. )
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