HYDERABAD: Minister KTR today formally announced the US and India-based cross-border Venture Capital (VC) firm Dallas Venture Capital India Fund aimed at accelerating the growth of startup community. The Industries Minister presided over the exchange of MoU between the VC firm and T-Hub to mentor startups based out of Hyderabad.My young friends in the startup world should know that raising capital is no longer a challenge as long as you have an idea with merit in it. The world is looking at opportunities to invest where it is assured of certain return on investment, said Minister KTRMinister added that India as a developing country and with potential to grow exponentially over the next few decades presents a humongous opportunity. Apart from the valuations, the unicorns and soonicorns should aim to create impact in their area of operation, Minister said.MP Dr Ranjith Reddy, Principal Secretary of IT and Industries Depts. Jayesh Ranjan, Founder & MD of Dallas Venture Capital Dayakar Puskoor, Co-founder & Director Abidali Neemuchwala, T Hub CEO M Srinivas Rao attended the event.
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