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Such solutions would focus on businesses like multi-channel commerce, supply chain and logistics, fintech, consumer insights and retail operations, said Mahajan. The AIF, with a Rs 150-crore corpus, has received category-II registration from SEBI.
The Atlanta-headquartered SRV was founded in 2019 by Sid Mukherjee who has also set up a fund with BITS Pilani, his alma mater, and Kennesaw State University to offer non-dilutive funding to companies founded by students of the respective universities.
SRV has till now backed over 30 startups. Prior to that, Sid was co-founder and CEO of Software Paradigms International (SPI), a company that provided technology solutions to retail businesses. SPI was acquired by IT giant Cognizant in 2018.
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https://economictimes.indiatimes.com/markets/stocks/news/silicon-road-ventures-ajay-mahajan-launch-rs-150-crore-ai-focused-startup-fund/articleshow/131052657.cms
