Ideaspring Capital

We are hiring for an Analyst to join our investment team! You can apply here directly or reach out to us at team@ideaspringcap.com if you know someone who fits the bill. Naganand Doraswamy Arihant Patni Suryaprakash Konanuru Aniketh MJ Sulesh Kumar Satrajit Neogy CA Naresh P Madhavi Mallakuntla https://lnkd.in/gNRgMTme

In the quarter that went by, we met some interesting startups in the AI in Edtech, EV Infra, Synthetic Biology and Photonics space and are close to adding some of these to our portfolio, which we should be announcing in the coming months. Arihant Patni believes that India’s rapidly evolving deep tech landscape, especially in transformative areas such as life sciences, quantum computing, AI, and drones hold immense potential for innovation and impact. Fund 1 portfolio companies Mihup and Ahammune recently raised follow-on funding, marking significant progress. Our portfolio companies continue to do interesting things. To read all this and more, do check out our latest newsletter!

May this festival of lights bring joy and happiness to your life!

Excited to see two of our portfolio companies - SimYog Technology and Mihup.ai feature in the latest Forbes India article on how the Indian deeptech startups are working closely with global auto manufacturers. Both Simyog and Mihup have some of the world's largest car manufactures as their clients including the likes of Mercedes Benz, Tata Motors, Maruti Udyog to name a few. Like the article clearly mentioned, 'they are developing technologies and building products highly relevant across multiple stages of the supply chain—from upstream phases within manufacturing all the way to end-user customer experience.' We at Ideaspring Capital have always believed that Indian product innovation will be a true beacon for global innovation. Stories like this, which highlight these success stories, are the need of the hour, thanks Harichandan Arakali! If you are working on verticalised AI solutions or Indiustry 5.0, do reach out to us at ideaspringcap.com Naganand Doraswamy Arihant Patni Suryaprakash Konanuru Aniketh MJ Sulesh Kumar Satrajit Neogy CA Naresh P Madhavi Mallakuntla

Our portfolio companies - BluJ Aerospace Private Limited and Okulo Aerospace were winners of the Emerge50 awards at nasscom Future Forge 2024! Both the companies are on their path to revolutionize the Indian airspace in the future! If you are founder building in the deeptech space, do reach out to us at ideaspringcap.com Naganand Doraswamy Arihant Patni Suryaprakash Konanuru Aniketh MJ Sulesh Kumar Satrajit Neogy CA Naresh P Madhavi Mallakuntla

For your weekend viewing: Our Managing partner Naganand Doraswamy and CTO Suryaprakash Konanuru sit down and talk about the journey of Ideaspring Capital, our success, our learnings and also the vision for our next fund in the latest episode of #startupfridays by Forbes India. Thank you Harichandan Arakali for marking this happen! https://lnkd.in/gmxFQM95 Arihant Patni Aniketh MJ Sulesh Kumar Satrajit Neogy CA Naresh P Madhavi Mallakuntla

Super congratulations to our portfolio, Mihup.ai for their 50 crore fundraise!👏 Mihup, the country’s leading conversation intelligence platform, has raised Rs 50 crore in a fresh round of funding led by public market investor Ashish Kacholia, with participation from the family office of investor Madhusudan Kela. Their advancements in LLM tech will definitely go a long way in adding ‘intelligence’ to conversation platforms and we look forward to being part of this innovative journey. Wishing Tapan Barman , Biplab Chakraborty, Sandipan Chattopadhyay and the entire team at Mihup all the best for the future! Naganand Doraswamy Arihant Patni Suryaprakash Konanuru Aniketh MJ Sulesh Kumar Satrajit Neogy CA Naresh P Madhavi Mallakuntla Accel in India

Our Founder and CSO, Dr.Pravin Kumar, had the honor of meeting Nobel Laureate Dr. David Baker Institute for Protein Design, University of Washington at the 2019 Enzyme Engineering Conference, where Dr. Baker delivered the keynote address. During their brief conversation, Dr. Baker expressed his passion for de novo protein design—a field in which he’s truly a pioneer. His remarkable contributions have made him a hero to all of us in protein design. The Nobel Prize is a well-deserved recognition of his incredible work! #NoblePrize2024 #ProteinDesign

Super excited to announce that our portfolio Ahammune Biosciences Pvt. Ltd. has closed their $5 mn Series A round. 🔊 Congratulations to Parul Ganju and the entire team! 👏 Happy to have the wonderful team at pi Ventures lead the round along with participation from Capital 2B , Colossa Ventures and Unicornus Maximus LLP. So many exciting things are happening at Ahammune, from the journey of the Phase 2 human trials for its vitiligo drug candidate, to developing molecules to treat other dermatological and autoimmune diseases. Their small molecule therapeutics platform is focused on treating skin conditions by targeting cellular processes that influence skin health and immunity. This a very unique apprach to development that we are sure will lead to exciting results in the future. Wishing the team the best for the future and super excited to continue the ride on this rocketship! 🚀 Naganand Doraswamy Arihant Patni Suryaprakash Konanuru Aniketh MJ Sulesh Kumar Satrajit Neogy CA Naresh P Madhavi Mallakuntla Ajith Kamath

The VentuRISE Global Startup Challenge application deadline has been extended to October 8, 2024 due to an overwhelming response! If you are an early-stage deeptech founder building in 🛩 Aerospace ⚡ ESDM 🔋 EV sectors, this is the right opportunity for you! To apply : https://lnkd.in/dh7JvAMG Vinay Dora K