Idein Ventures, a global private equity firm with its India offices in Hyderabad and Mumbai, has expanded to Israel. Relation between India and Israel is at its peak after PM Narendra Modi’s visit to the nation known as the “hub of technology startups”. Idein Ventures operates in 2 spaces- pre-seed and seed stage investments in very early companies and growth capital investment in profitable SMEs.
It is currently in the process of hiring analysts and research interns in Israel and is already associated with a few mentors and advisors to help filter companies there.
Ashwin Srivastava, co-founder of Idein Ventures says, “We have been working on this expansion plan for quite a few months and have explored a few interesting companies in the process. We are looking to invest in very early companies with technologies that can disrupt India, Middle East, US, Europe, and Africa markets- technologies that have truly global use cases. And in the process, we hope to not only provide money but strong guidance and mentoring to take them global. I have personally talked to quite a few entrepreneurs and angel investors from Israel and I see a huge untapped potential there despite the saturation of domestic funds.”
Idein Ventures is looking to invest only around $1 million in 2-3 companies in the country this financial year; it hopes to increase its funding plans in Israel from next financial year. It is open to exceptions leading to change their funding plan depending on specific cases.
Idein Ventures currently has its presence in India, UAE and in USA. It has invested in companies such as Qriyo, Zoeasy, and Oxa among others.