Toch.ai launches Rs 100 cr Startup Fund; to invest in video, audio tech

FPJ Web DeskUpdated: Thursday, November 11, 2021, 01:20 PM IST
article-image
Toch.ai Co-Founders: Vinayak Shrivastav, Saket Dandotia, and Alok Patil | Toch.ai

Toch.ai, an AI-driven SaaS platform for digital content players today launched a Rs 100 crore Startup Fund to invest in video and audio tech startups globally over a period of time.

The fund aims to empower early-stage startups to drive innovation and bolster growth in the industry. The company has announced that they provide advisory and networking opportunities to the most promising startups along with capital infusion.

The Startup Fund initiative is the brainchild of the three co-founders of Toch.ai- Vinayak Shrivastav, Saket Dandotia, and Alok Patil. Speaking at the launch, Vinayak Shrivastav, Co-Founder and CEO Toch.ai said, “The video-tech industry has seen record-breaking growth in the last few years, and we are confident that this is just the beginning. With proper support and encouragement for the talent and innovation in the country, we want to be the vehicle of growth and expansion of the video tech industry in India & globally. We believe we have a collective responsibility to grow this industry with cutting edge and new-age solutions to address the evolving needs and changing demands of the end customers''.

Echoing a similar sentiment, Sanket Dandotia and Alok Patil, also emphasized that the program will be a steppingstone for those early age startups who are looking for that initial push to bring their innovative audio and video solutions to the market.

Commenting on the operational aspect of the fund, Ritesh Mehta, Head of Finance at Toch.ai, said, “We have decided to put aside substantial capital over a period of time to bring some of the most disruptive technologies and solutions to the forefront. We believe this to be an investment in the future of video-tech that is sure to give positive results and transform the industry as we know it.”

Toch.ai is playing a pivotal role in shaping the video tech ecosystem. The company recently closed its Series A round and is currently working on strengthening its tech capabilities and expanding its geographical presence.

(To receive our E-paper on whatsapp daily, please click here. To receive it on Telegram, please click here. We permit sharing of the paper's PDF on WhatsApp and other social media platforms.)

RECENT STORIES

Mumbai updates: Landslide in Chunabhatti area of ​​the city, 2 injured

Mumbai updates: Landslide in Chunabhatti area of ​​the city, 2 injured

Supreme Court agrees to hear plea of TV anchor accused of doctoring Rahul Gandhi footage today

Supreme Court agrees to hear plea of TV anchor accused of doctoring Rahul Gandhi footage today

NHAI bribery case: After 7 months, trial proceedings delayed again as CBI awaits Centre's nod

NHAI bribery case: After 7 months, trial proceedings delayed again as CBI awaits Centre's nod

Navi Mumbai: BJP and RRSVM distribute textbooks among needy students

Navi Mumbai: BJP and RRSVM distribute textbooks among needy students

Udaipur killing: NIA picks up man in Hyderabad

Udaipur killing: NIA picks up man in Hyderabad