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

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 as Limited Partners (LPs) in DVC’s India Fund contributing to its targeted corpus of INR 350 Crores. DVC India Fund has already attracted investments from many domestic and international Family offices and HNIs from across the world who are excited to participate in the India growth story through DVC’s thesis led and focussed investment strategy and have joined as LPs in the fund.

DVC India has got commitments worth INR 40 crores from Self Reliant India (SRI) Fund & INR 20 crores from NewcrestImage and its associates. DVC India will utilize these funds to support faster growth of Micro, Small and Medium Enterprises (MSMEs) helping in the overall economy building & strengthening and maximizing employment opportunities.

DVC, based out of Dallas, Texas, USA and Hyderabad, India, has already invested in MSMEs like 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 company that 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 growth strategies.

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.”

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 cloud infrastructure, B2B SaaS, AI/ML, mobile, XR and other emerging technologies. In addition to providing capital and financing needs, our investment philosophy centers around guiding business development, product, and technology strategy for our portfolio companies through the ‘DVC Advantage’ program to achieve successful outcomes. Operating from both the US and India, DVC creates a bridge that connects two of the largest start-up ecosystems in the world. DVC is founded by Dayakar Puskoor, a pioneering Dallas based venture capitalist with a record of investments in 30+ companies and 9 exits to date, and Abidali Neemuchwala, the former CEO of Wipro Ltd.

Dallas Venture Capital (DVC) Partners With T-Hub To Boost The Funding Ecosystem In Telangana

DVC and T-Hub signed a memorandum of understanding (MoU) to mentor the startups based out of Hyderabad

DVC India Fund aims to accelerate the growth of the startup community across the country with a particular focus on Hyderabad

With T-Hub’s support, DVC will get empowered to find fast-growing, innovative startups. 

US and India-based cross-border venture capital (VC) firm Dallas Venture Capital announced the DVC India Fund and partnership with T-Hub today. The partnership is a part of DVC’s focus in 2023 that aims to scout startups to help them scale their business, enabling them to increase their customer base. For the same, DVC will work closely with existing and new portfolio companies. With T-Hub’s support, DVC will get empowered to find fast-growing, innovative startups. The startups will get support to create innovative technology that meets global market needs, increase their IT infrastructure efficiency and team’s productivity, and improve their top-line performance.

"I am thrilled to be here today at T-Hub as we announce the launch of the DVC India Fund. This partnership between two promising institutions aims to make Telangana a leading IT hub. Our state has great potential to meet the growing demands of the global IT industry. Organizations like DVC and T-Hub, with their expertise and understanding of the international market, will be able to maximize the success of startups not only in Telangana but across India." said the Honourable Minister for IT & EC, Government of Telangana, Shri K T Rama Rao, while addressing the media and dignitaries at the event.

Speaking on the DVC India Fund, Dayakar Puskoor, Managing Director of DVC, said, “The best of the B2B SaaS startups are being minted in India, and as a cross-border VC, Dallas Venture Capital is uniquely positioned for helping startups scale and grow globally through the DVC Advantage Program.”

Srinivas Rao Mahankali (MSR), CEO, T-hub, said, “T-Hub is committed to rigorously enhancing the investment capacity of Telangana state in deserving Indian startups based out of Hyderabad. With our strategically planned partnership with DVC, we are hopeful that startups will get an opportunity to learn from DVC’s vast pool of mentor experts, access to networks and elite resources. This will prove to be immensely helpful for the founders with assistance in refining their IT infrastructure efficiency and scaling their businesses to grow the customer base.”

DVC India Fund has already invested in 5 startups- Disprz – AI-powered right skilling suite, IntelleWings – Simplified, AI-powered & SaaS enabled AML/CFT Compliance, VuNet - Transaction monitoring platform, BluSapphire - SOC Automation SaaS platform & Hippo Video - Video based Sales/CX Engagement Platform in the last 12-14 months.

“2023 is going to be a tough macro-economic environment, but global enterprises are at an early stage of the digital transformation journey. Hence, at DVC, we are very optimistic about startups helping enterprises digitally transform and solving real-world problems for them. We aim to help these startups scale their growth and reach a global forum of investors and advisors”, said Mr Abidali Neemuchwala, Co-founder & Director of DVC.

Shri K T Rama Rao, Honourable Minister for IT & EC, Government of Telangana, along with Shri Jayesh Ranjan, Principal Secretary, IT & IC, Government of Telangana and Shri M Srinivasa Rao, CEO, T-Hub were present at the launch of the fund in Hyderabad today. The founding members and partners of DVC,

Dayakar R Puskoor (Founder & MD), Abidali Neemuchwala (Co-founder & Director), Shyam Penumaka, Gokul Dixit & Kiran Kalluri(Partners) were also present to share the milestones and the upcoming plans for investments in the startups across India beginning from the Hyderabad market.

T-Hub’s programs have been successfully scaling startups in partnership with a robust ecosystem of partners. T-Hub, to date, has impacted over 2000 startups through various programs and initiatives, has over 600 global and national corporate partners and has provided 2000 mentor connects to help the startup scale.

DVC India Fund plans to invest in startups that have the potential to scale globally through their proven market history with local enterprises in 2023. They will deepen their relationship with the stakeholders across the startup ecosystem in India and continue accelerating DVC Advantage to deliver superior outcomes for investors and portfolio companies.

About Dallas Venture Capital:

DVC is a Dallas TX, US and Hyderabad, India based venture capital firm investing in cloud infrastructure, B2B SaaS, AI/ML, mobile, XR and other emerging technologies. In addition to providing capital and financing needs, our investment philosophy centers around guiding business development, product, and technology strategy for our portfolio companies through the ‘DVC Advantage’ program to achieve successful outcomes. Operating from both the US and India, DVC creates a bridge that connects two of the largest start-up ecosystems in the world.

DVC is co-founded by Dayakar Puskoor, a pioneering Dallas based venture capitalist with a record of investments in 30+ companies and 9 exits to date, and Abidali Neemuchwala, the former CEO of Wipro Ltd.

Media contacts: tulika@teampumpkin.com

ABOUT T-HUB

T-Hub (Technology Hub) is an innovation hub and ecosystem enabler. Based out of Hyderabad, India, T-Hub leads India’s pioneering innovation ecosystem. With a mission of enabling and empowering an ecosystem hungry for innovation, T-Hub is creating an impact for startups, corporations, and other innovation ecosystem stakeholders. Incorporated in 2015, it has provided over 1800 national and international startups with access to better technology, talent, mentors, customers, corporates, investors, and government agencies. It has elevated innovation for leading national and global corporations, transforming their business models for the better. Working in collaboration with innovation partners and enablers in Telangana, India and worldwide, T-Hub is building a future-ready innovation ecosystem.

Dallas Venture Capital ('DVC') Announces Closing of $80 Mn Early-Stage B2B SaaS Fund-II in the US

DVC today announced the closing of an oversubscribed $80 million fund (the target amount was $75 million) and is set to become one of the largest technology focused funds to operate out of Dallas, Texas, USA. DVC is also currently raising a separate fund in India, DVC India Fund 1, to provide opportunities to Indian investors and has raised $20 million of its $50 million target. 

DVC US Fund II plans to invest alongside its $50 million India fund, making it a true cross-border venture capital fund that is poised to bootstrap two large start-up ecosystems in the US and India. DVC plans to invest about $130 million in Enterprise focused B2B SaaS start-ups over the next 4-5 years through both its funds.

DVC was founded in 2020 by Dayakar Puskoor, a serial entrepreneur, and co-founded by Abidali Neemuchwala, former CEO of Wipro Limited and a 30-year veteran public company, information technology, and investment executive. The DVC team spread between the US and India is a fine blend of entrepreneurs and industry leaders with global technology and investment experience. The fund focuses on early and growth stage companies in B2B SaaS sector focused on leveraging deep tech in the areas of cloud, AI/ML, XR, Data, and other emerging technologies with infrastructure software or industry vertical focus. 

DVC is known for its proprietary sourcing methodology through its extensive network of advisors that include CIOs, CXOs, industry experts, and technologists. The team has invested in 27 start-ups which include companies across the US and India with 9 successful exits over the last decade. Some of the portfolio companies like HyperVerge and Corestack have emerged as leaders in their respective segments.

"We are overwhelmed by the response to our DVC Fund II and particularly pleased with the recognition as a cross-border VC by our investors as they benefit from the start-up revolution that is taking place in India,” said Dayakar Puskoor, Managing Director of DVC. “The extensive due diligence performed by our strategic investors has sharpened our investment thesis. The continued guidance of our strategic investors and advisors are going to help us create differentiated value for our portfolio companies,” added Puskoor.

“We partner with our portfolio companies as mentors offering strategic guidance during the most important phase of the start-up's journey to accelerate their revenues from $1 million to beyond $10 million through our time tested and honed DVC Advantage program leveraging our network of venture partners and advisors,” said Abidali Neemuchwala Co-founder & Director of DVC. “Our experience and familiarity with both US and India enable us to bring exceptional operational and growth strategies to our portfolio companies,” added Neemuchwala.

“The completion of fundraise of US Fund II, which is a co-investing partner for DVC India Fund, is a significant milestone in DVC’s journey. We are confident that both the funds, which are truly cross border in nature, will emerge as significant contributors to the growth of Indian SaaS start-ups,” said Shyam Penumaka, Partner at DVC. “Currently, the focus of DVC India Fund is on raising the remaining capital from institutional investors, family offices, and high net worth individuals keen on participating in the flourishing Indian deep technology B2B SaaS sector,” added Penumaka.

DVC has begun deploying its fund and has already invested in four start-ups, as announced earlier – Lucy.ai, Rollick, Citylitics, and Disprz. DVC has a healthy pipeline of companies and plans to, on average, invest in one company per quarter for a total of approximately 20-25 companies over the next 4-5 years. DVC’s typical investment stage is post-product market fit, and its initial capital is focused on enabling the start-ups to scale through its DVC Advantage Program. DVC India Fund has made investments in the Enterprise skilling start-up, Disprz, and Anti-Money Laundering (AML) start-up, IntelleWings.

The DVC Advantage is focused on start-up companies’ needs in multiple areas such as product & technology strategy, executive mentorship, corporate governance, business development, and talent acquisition. DVC is committed to helping portfolio companies transform their growth journey by providing strategic guidance across product, domain, strategy, customer success and growth, or financial specific matters.

“DVC comes with a mindset to be very helpful to the founders from day one. The level of intent they have shown in using their network to help us land logos in the US is very comforting for the founders. I would highly recommend DVC for an early stage founder who wants to go west from the east,” said Subbu Vishwanathan, Co-Founder & CEO, Disprz, an enterprise skilling start-up with investment from both DVC India Fund and DVC US Fund II.

About Dallas Venture Capital

DVC is a Dallas TX, US and Hyderabad, India based venture capital firm investing in cloud infrastructure, B2B SaaS, AI/ML, mobile, XR and other emerging technologies. In addition to providing capital and financing needs, our investment philosophy centers around guiding business development, product, and technology strategy for our portfolio companies through the ‘DVC Advantage’ program to achieve successful outcomes. Operating from both the US and India, DVC creates a bridge that connects two of the largest start-up ecosystems in the world. DVC is co-founded by Dayakar Puskoor, a pioneering Dallas based venture capitalist with a record of investments in 25+ companies and 9 exits to date, and Abidali Neemuchwala, the former CEO of Wipro Ltd.

Anti-Money Laundering (AML) Startup IntelleWings Raises Pre-Series A Round from Dallas Venture Capital to Fight Corruption, Terror Funding

IntelleWings Private Limited, an AI-powered and SaaS enabled AML/CFT (Combating the Financing of Terrorism) Compliance company, today announced that it has raised $650K in pre-Series A round from Dallas Venture Capital (DVC), a cross-border venture capital firm focused on early and growth 
stage companies in cloud infrastructure, B2B SaaS, AI/ML, mobile, XR and other emerging technologies.

This round saw existing investors like SucSEED Indovation Fund, Padup Ventures and Vinners, reinforce their support with additional capital along with the participation of new investors like Lead Angels and Nextgen Technology Fund I (a fund created by STPI and managed by Pontaq).
Last year in June, IntelleWings had raised seed funding of $100,000 for their IntelleWings' EYE, a product based on machine learning to help regulatory firms with Anti-money Laundering Compliance needs.

With the vision of reducing corruption and terror funding, IntelleWings has developed its proprietary AML/CFT global database for customer screening, a key differentiator, along with CFT Sanctions and Adverse Media checks. Another significant differentiator, IntelleWings Eye, provides a simplified view for complex transactions and speeds up detection of money laundering patterns. IntelleWings is emerging as a significant player in the RegTech (Regulatory Tech) market and counts among its customers one of the largest private sector banks in India along with 10 other DNFBPs (Designated Non-Financial Business and Professions) clients in the Middle East.

"Corruption and terrorism can be combated by leveraging technology with focus and depth. IntelleWings is harnessing the power of AI to provide game-changing AML/CFT solutions,” said Pramod Sharma, Founder and CEO of IntelleWings. “The product is built on deep domain and technology expertise and the capital raised in this round will help us in business development, hiring senior leadership and expansion into new markets including the US,” added Mr. Sharma.

"Banking and financial institutions globally have come under increased government scrutiny to prevent money laundering by deploying AML solutions,” said Shyam Penumaka, Partner at Dallas Venture Capital. “Over $342 billion in fines have been imposed globally for non-compliance between 2009 to 2017 as per Reuters. There is enormous market potential for IntelleWings, and DVC is excited to partner with IntelleWings in their growth journey with our DVC Advantage program,” added Mr. Penumaka.

“Global anti-money laundering software market revenue is expected to register a CAGR of 15% over the forecast period, and AML software revenues are projected to increase from $1.6 billion in 2021 to $5.7 billion in 2030,” said Vikrant Varshney, Co-Founder and Managing Partner of  SucSEED Indovation Fund. “SucSEED Indovation has a dedicated Security and RegTech focus to discover and support early stage disruptive indovations to bring them to the market and we are glad that IntelleWings have got a great response” added Mr. Varshney.

"We were able to identify the potential of IntelleWings on leveraging technology in solving a real-life problem,” said Pankaj Thakar, Founder and Chief Mentor of PadUp Ventures. “The team’s progress and success has been a huge encouragement for us, and we remain committed to supporting them in their journey. We believe that they will be able to achieve great heights in no time and this round will just add fuel to their cause,” added Mr. Thakar.

Namrata Kaul, former MD of Deutsche Bank, Corporate Banking, led this round from Vinners. “Being from the industry, I know for sure the importance of Pramod’s work. This is the need of the hour and there is a great potential in the idea and the team. We have been with him for the last two years and this would be our second round of investment. We have seen the team progress and it only makes sense for us to participate in this round also,” said Ms. Kaul.

About IntelleWings

IntelleWings is revolutionizing RegTech with customer centricity and cutting-edge technologies like Machine learning (ML) and Algorithmic filtering. IntelleWings research division has consistently focused on identifying and solving the real pain points for customers for several years by talking to financial institutions. The belief in research in both technology and business, has been a continuous and enriching journey for IntelleWings, which has brought many wow factors for the customers.
IntelleWings’ innovative and comprehensive approach to AML/CFT compliance was recognized by the International Compliance Association (ICA), and Pramod, its founder and CEO, was nominated for Innovator of the year 2021 for disrupting the Compliance space. IntelleWings is a nimble and highly customer focused team of 35 passionate people (and growing) that delivers comprehensive AML/CFT solutions with their mind, heart and craft!

For more information, visit www.intellewings.com or write to pramod_sharma@intellewings.com.

Dallas Venture Capital (DVC) is a Dallas TX, USA and Hyderabad, India based Venture capital firm investing in cloud infrastructure, B2B SaaS, AI/ML, mobile, XR and other emerging technologies. In addition to providing capital and financing needs, our investment philosophy centers around guiding business development, product, and technology strategy for our portfolio companies through the ‘DVC Advantage’ program to achieve successful outcomes. Operating from both the USA and India, DVC creates a bridge that connects two of the largest start-up ecosystems in the world. DVC is co-founded by Dayakar Puskoor, a pioneering venture capitalist with a record of investments in 25+ companies and 8 exits to date, and Abidali Neemuchwala, ex CEO of Wipro Ltd. For more information, visit www.dallasvc.com or write to shivam@dallasvc.com

SucSEED Indovation Fund (SIF) is an AIF Cat-1 Venture Capital Angel Fund with ₹100 crore corpus and has grown out of SucSEED Angel Network (SAN) and IIITH Tech Ventures, an early-stage tech seed initiative with IIIT Hyderabad Foundation. General Partners of the Indovation Fund have 100+ years of cumulative experience within technology, fund management, and start-up ecosystem and have already invested in 60+ startups.

SIF has a dedicated focus on Security and RegTech focus to discover and support early stage disruptive indovations and bring them to the market. IntelleWings. Spintly, Strobes, Pixuate and SignalX.ai are some of them, with few in active conversations too.

For more information, please www.sucseed-indovation.com or write to marketing@sucseedindovation.com

PadUp Ventures is a Knowledge and Mentoring platform that helps Incubators and Accelerators with structured, process-driven programs to build disruptive and innovative tech start-ups . PadUp’s vision is to be a key player in the start-up eco-system by actively supporting young entrepreneurs at various stages in their entrepreneurial journey and create significant positive impact on their survival rates, thus creating a huge impact in the entrepreneurial space.

PadUp has mentored start-ups in different industry domains and using different technologies like AI, Blockchain, ML etc. It has partnered with incubators across Government and Educational Institutions as well as Corporates. PadUp has also created a group of affiliated investors who regularly invest in PadUp mentee companies. They call themselves Friends of PadUp.

For more information, please visit https://www.padup.in/

Vinners (Value Investors Network) is a group of CXOs of India seeking investment and mentorship opportunities in dynamic, early-stage companies. Beyond financial support, the members often provide mentorship and help open doors for investee companies by leveraging their personal networks. As a network of individuals, they leverage their collective knowledge, connections and know-how to help these early-stage companies succeed.

For more information, please visit https://vinners.org/

Former CEO of Wipro Technologies Abid Neemuchwala Led VC Firm DVC Launches ‘DVC Advantage’

Dallas Venture Capital (DVC), a US & India based venture capital firm, launched “DVC Advantage” today. Founded by Dayakar Puskoor and joined by the former CEO and Managing Director of Wipro, Abid Neemuchwala as its Venture Partner, DVC focuses on early and growth stage companies in cloud infrastructure, AI/ML, mobile, XR and other emerging technologies. The DVC Advantage is the firm’s tested process designed to help its portfolio companies accelerate their growth by effectively leveraging the DVC team’s network and insights.

Speaking on the occasion Dayakar Puskoor, Founder and Managing Partner of DVC, said, “One of our strongest value additions we bring is supercharging the business development of our portfolio companies. We do this not only through our network of executives at Fortune 500 and multinationals to drive executive level sponsorship for sales but also by the way of introductions at the mid-manager levels. We help in building long lasting relationships that are critical to customer success and sustained revenue generation”.

DVC through the newly launched ‘DVC Advantage’ aims to help startups in multiple areas such as product and technology strategy, executive mentorship, corporate governance, business development and talent acquisition.

A recent example of advantage that the firm brought through ‘DVC Advantage’ is the fruitful association between Examity and CoreStack. Examity (the world leader in learning validation and online proctoring) was introduced to CoreStack (a global cloud governance provider) by Dallas Venture Capital (DVC) through DVC Advantage. CoreStack helped Examity save $1.5 Million and reduce its cloud costs by 40% within the first 2 months of deployment. Dayakar Puskoor, the Founder of DVC also serves on the Board of Directors of CoreStack.

“We are extremely pleased that CoreStack’s platform is able to deliver substantial savings to its customers like Examity and I am impressed with CoreStack’s team, specially their ability to ensure a quick turnaround time from proof-of-concept to production and their unrelenting focus on realization of promised cost savings”, added Mr. Abidali Neemuchwala, former CEO of Wipro Technologies and Venture Partner, DVC who recently joined CoreStack as a strategic advisor.

The firm also noted that CoreStack’s success is being recognized by industry bodies and was chosen as a NASSCOM Emerge-50, League of 10 Award. NASSCOM is India’s premier trade body and chamber of commerce of the Tech industry in India. Emerge 50 Awards categories & selection criteria is aligned to reflect & capture the current business transformational areas. Each nomination in the listed categories is reviewed and validated using a multi-tried process & accessed by NASSCOM’s knowledge partner & a panel of independent judges composed of industry experts & veterans.

According to Atul Batra, NASSCOM Chair for Product, “The Emerge 50 Awards has been successful in identifying the right pool of companies that have continuously matured since the time of their nomination”.

DVC is committed to helping portfolio companies, like CoreStack, transform their growth journey by providing strategic guidance across product, domain, strategy, customer success and growth, or financial specific matters. Prior to forming DVC, its key leadership team managed a venture capital platform that successfully invested in twenty-one startups with multiple successful exits and with a combined portfolio enterprise value of more than US $1 Billion.

Translating their previous experiences into DVC, the team provides extensive support to its portfolio companies through co-investments from experienced investors, participation in incubator & accelerator programs, speaking and networking opportunities at industry and business conferences. Currently, the firm plans to make investments in cloud infrastructure, AI/ML, IoT, XR, and other emerging technologies in the range of US $2 Million to $10 Million in early and growth stage companies.

About Dallas Venture Capital

Dallas Venture Capital (DVC) is a Dallas/Irving, Texas based venture capital company with a focus on investing in early stage B2B software companies and ambitious entrepreneurs looking to partner with investors who have been in their shoes through hands-on support in the areas of product and market development. Founded by Dayakar Puskoor a pioneering Dallas based venture capitalist with a record of investments in 22 companies and has generated five exits to date. Some examples of Dayakar’s pioneering investments include: plnar, Kore.ai, Altia Systems (acquired for $125 Million), HyperVerge, FelixHealthcare.AI, CoreStack, AmplifAI, Viviota and others with a combined portfolio enterprise value that exceeds US $1 Billion. DVC will focus on the management of an evergreen fund to provide broad, continuous, and repeat investment opportunities. DVC has offices in Dallas/Irving, USA & Hyderabad, India. Learn more at: www.dallasvc.com

For more information, please contact Shyam Penumaka, Dallas Venture Capital, +91 98661 14627, shyam@dallasvc.com

About CoreStack

CoreStack, an AI-powered multi-cloud governance solution, empowers enterprises to rapidly achieve Continuous and Autonomous Cloud Governance at Scale. CoreStack enables enterprises to realize outcomes such as 40% decrease in cloud costs and 50% increase in operational efficiencies by governing operations, security, cost, access, and resources. CoreStack also assures 100% compliance with standards such as ISO, FedRAMP, NIST, HIPAA, PCI-DSS, AWS CIS & Well Architected Framework (WAF). CoreStack works with many large global customers across multiple industries including Financial Services, Healthcare, Retail, Education, Telecommunications, Technology and Government. The company is backed by venture investors including Dallas Venture Capital (DVC), Iron Pillar and Z5 Capital. CoreStack was recognized as IDC Innovator in Cloud Management Solutions, as League-of-10 Emerge50 NASSCOM 2020 winner in Enterprise Software and in the Gartner Magic quadrant for Cloud Management Platforms in 2020. CoreStack is a Microsoft Azure Gold & Co-Sell Partner and Amazon AWS Advanced Technology Partner. Learn more at www.corestack.io

For more information, please contact Bala Vishwanath, CMO, CoreStack, bala@corestack.io


About NASSCOM

The National Association of Software and Services Companies (NASSCOM®) is the premier trade body and chamber of commerce of the Tech industry in India and comprises over 2800-member companies including both Indian and multinational organisations that have a presence in India. Our membership spans across the entire spectrum of the industry from start-ups to multinationals and from products to services, Global Service Centers to Engineering firms. Guided by India’s vision to become a leading digital economy globally, NASSCOM focuses on accelerating the pace of transformation of the industry to emerge as the preferred enablers for global digital transformation. Our strategic imperatives are to reskill and upskill India’s IT workforce to ensure that talent is future-ready in terms of new-age skills, strengthen the innovation quotient across industry verticals, create new market opportunities - both international and domestic, drive policy advocacy to advance innovation and ease of doing business, and build the Industry narrative with focus on Talent, Trust and Innovation. And, in everything we do, we will continue to champion the need for diversity and equal opportunity.

NASSCOM has played a key role in not just the growth of the Industry to become a $180+ Billion industry today, but we have helped establish the Tech industry in India as one of the most trusted partners, globally. NASSCOM continues to make significant efforts in contributing towards India’s GDP, exports, employment, infrastructure development and global visibility. Our membership base constitutes over 95% of the industry revenues in India and employs over 4 Million professionals, and as technology blends into every aspect of the economy, we expect the industry to become key driver of growth, development and inclusion for the country. Our mission is to make India a global hub for Innovation and Talent so when the world thinks Digital, the world will think India.

For more information, please contact Kavita Doshi, NASSCOM, +91 120 4990200 kavita@nasscom.in