Dallas Venture Capital (DVC) Secured a Commitment of INR 60 Crores from Self Reliant India (SRI) Fund & NewcrestImage

The funds received will be invested for fostering growth of MSMEs

National, 26th June, 2023– Dallas Venture Capital (DVC), a cross-border venture capital firm,has received commitments for INR 60 crores from Self Reliant India (SRI) Fund, a domestic Fund of Funds and NewcrestImage, a diversified Family Office with holdings in Real Estate, Banking, Debt Fund, Alternative Investments, and Public Equities who have joined asLimited Partners (LPs) in DVC’s India Fund contributing to its targeted corpus of INR 350Crores. DVC India Fund has already attracted investments from many domestic andinternational Family offices and HNIs from across the world who are excited to participate inthe India growth story through DVC’s thesis led and focussed investment strategy and havejoined as LPs in the fund.

DVC India has got commitments worth INR 40 crores from Self Reliant India (SRI) Fund & INR20 crores from NewcrestImage and its associates. DVC India will utilize these funds to supportfaster growth of Micro, Small and Medium Enterprises (MSMEs) helping in the overalleconomy building & strengthening and maximizing employment opportunities.

DVC, based out of Dallas, Texas, USA and Hyderabad, India, has already invested in MSME slike Disprz (an AI-Powered Enterprise Learning Experience & Upskilling Platform), Intellewings (Cutting-edge AML/CFT Compliance Solution Provider), BluSapphire (AI/ML & Robust Analytics backed Cybersecurity platform), VuNet (Next-gen visibility and analytics companythat uses full-stack Al & Big Data analytics to accelerate digital transformation within an organization) and Hippo Video (AI-powered platform that allows users to craft compelling sales videos that drive engagement and conversions). With nearly Rs. 1,000 Crores ($125M), DVC is committed to deploying the funds and helping MSMEs across sectors to scale globally over the next few years. Portfolio companies of DVC are supported in their growth strategy through the uniquely designed DVC Advantage where DVC’s global team of partners and advisors help the portfolio company with their Go-to-Market (GTM), product and growthstrategies.

Sharing his thoughts, Mr Dayakar Puskoor, Founder and Managing Director of Dallas Venture Capital, said, “Through these funds, we will make strategic investments in MSMEs which make technologies that help make India self-reliant and help them expand globally. We will help these MSMEs grow through DVC’s unique partnerships and global industry networks.”the MSME space. NewcrestImage is a privately held family office investment firm based in

With a corpus of INR 10,000 Crore, the SRI Fund is a fund of funds, setup as a scheme of NSIC Venture Capital Fund Limited, a wholly-owned subsidiary of The National Small Industries Corporation Limited and managed by SBICAP Ventures Limited , that catalyzes capital flow in the MSME space. NewcrestImage is a privately held family office investment firm based in Dallas, Texas, with an extensive portfolio of diversified real estate assets and alternative investments. NewcrestImage has invested more than $2.7B across 148 cities in hotels, real estate and technology-based startups.

About Dallas Venture Capital (DVC)

DVC is a Dallas TX, US and Hyderabad, India based venture capital firm investing in cloudinfrastructure, B2B SaaS, AI/ML, mobile, XR and other emerging technologies. In addition toproviding capital and financing needs, our investment philosophy centers around guidingbusiness development, product, and technology strategy for our portfolio companies throughthe ‘DVC Advantage’ program to achieve successful outcomes. Operating from both the USand India, DVC creates a bridge that connects two of the largest start-up ecosystems in theworld. DVC is founded by Dayakar Puskoor, a pioneering Dallas based venture capitalist witha record of investments in 30+ companies and 9 exits to date, and Abidali Neemuchwala, theformer CEO of Wipro Ltd.

For more information on DVC, visit www.dallasvc.com