In an interesting piece of news, Palo Alto, California-based Indian Investor Asha Jadeja has started a Pakistan edition of her successful international venture capital firm, Dot Edu Ventures.
Dot Edu Ventures invests seed stage in technology startups often emerging out of universities and research institutions. It is a university based network of friends, spanning computer science, design, engineering faculty, students, and alumni at various US universities.
The well reputed Venture Capital has officially flagged the launch of Dot Edu Ventures (DEV) Global in Pakistan. In fact, the fund has already seeded 5 IT startups in Pakistan and has plans to further expand their investment portfolio in the coming few months.
The mompreneur has invested in DIY Geeks, a startup inculcating a sense of DIY- Do It Yourself- culture in the students of Pakistan and enabling them to take control of their education by physically practising it on their own individual level via their DIY Kits; Daftwarkhwan, a Pakistan-based coworking space building a community of entrepreneurs, startups and professionals driven towards innovating, sharing and growing together. Asha, who has invested in over a 100 startups which were acquired or became public companies (Google, Paypal, Cisco, and Citrix to name a few), is also supporting Maker movement in Pakistan by encouraging innovation, giving grants to innovators and community building among the scientists, engineers, and innovators.
Earlier in the year, Asha also made a guest appearance in Pakistan’s First Business Reality Show, Idea Croron Ka and gave away a generous $100,000 as an equity-free grant to the founder of DIY Geeks.
Dot Edu Ventures is on a lookout to target the emerging economies of the world. Apart from Pakistan, it has invested in a number of startups in other developing countries like India and Kenya.
Though currently in its nascent stage, Pakistan Startup ecosystem is slowly but steadily evolving everyday. The coming up of incubators, accelerators and university research and innovation units in the country has contributed to the quality of business support services available to startups.
Founded in March 2000 by Asha Jadeja and her late husband Rajeev Motwani, Dot Edu began as a small core group of entrepreneurial friends at Stanford and UC Berkeley. It is now an extensive network of computer science and engineering faculty at various universities, including CMU, MIT, University of Illinois at Urbana Champaign, U Penn, Princeton, Washington University, UC San Diego and UC Santa Barbara.
According to the VC firm’s website, the firm prefers disruptive ideas and technologies and looks forward to helping more and more founders build a business from the ground up around such ideas.
This development was first reported in TechJuice.