TenX2 Forays into India, Aims to Invest in Startups Developing IP, IoT-led Solutions

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Jubin Mishra, former global head of Sankalp Intellecap, has been roped in to drive TenX2’s India operations.

 TenX2, the business accelerator for high growth technology companies, has forayed into India and is eyeing to tap the domestic startup companies that are working in the new technology space as well as global startups that are planning to launch in the country.

The Hong Kong-based firm is planning to invest in technology startups that are building products by leveraging new technologies like artificial intelligence (AI), internet of things (IoT) and big data.

The firm has appointed Jubin Mishra, former global head of Sankalp Intellecap, to drive its India operations.

Mishra, who was also associated with global technology firm Accenture and financial major HSBC, will drive the company’s initiatives to identify those startups. The selected companies will be provided funding through its network of venture capital funds.

Startups to get support from experts

Mishra said that despite having a vibrant ecosystem, many Indian startups could not succeed due to scarcity of funds and ability to get their business model validated.

“TenX2 is going to fill those gaps, and we are looking at those kinds of startups which are developing IP (intellectual property)-based products and smart IoT solutions that have universal appeal,” Mishra, a Partner at TenX2, was quoted as saying.

According to the company, apart from providing funding support from its network of VC firms, these startups will also get critical support in the form of domain and marketing from its network of experts, which comprise of hundreds of CXO-level executives.

(With inputs from Business Standards) 

Longjam Dineshwori

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