Stellaris Venture Partners, an early stage, technology-focused venture capital firm based in India, today announced they have received an investment from Cisco Investments
Commenting on the investment, Alok Goyal, Partner at Stellaris Venture Partners said, “Over the last three decades, India has created an exceptional talent pool for technology products, which is leading to the creation of globally competitive software product companies. We are excited that global technology pioneer Cisco has invested in our company, and look forward to tapping into their deep technology expertise and global market reach for the benefit of our portfolio companies.”
India-based Stellaris Venture Partners invests in disruptive and transformative technology businesses in sectors including core enterprise technologies such as cloud, Internet of Things (IoT), machine learning, enterprise applications, and analytics. The fund also invests in startups, both consumer and business-centric, that solve large India specific problems using technology.
“Cisco is committed to India’s next phase of digital transformation through strategic investments in the country’s innovation ecosystem,” said Sameer Garde, president, Cisco India, and SAARC. “We are supporting all stages of start-up development, including directly and indirectly funding the most promising new digital companies across India. With a strong leadership team and extensive enterprise technology expertise, we are pleased to add Stellaris Ventures to our growing portfolio of investments in India.”
Stellaris, which started investing in early 2017, has made investments in global SaaS, collaboration and communication software, machine learning and supply chain businesses. The fund’s partners Alok Goyal, Rahul Chowdhri and Ritesh Banglani have a strong track record in venture capital and have previously run operating businesses at global technology companies. They have built a robust network of successful entrepreneurs and advisors to source, evaluate and mentor the best Indian startups.