HYDERABAD: US-based Israel India Technology Group (I-IT Group) is focusing on investing in Indian companies and start-ups with unique ideas. I-IT fund, backed by US financiers and Israel technology, aims to address the funding and technological needs for Indian companies and entrepreneurs while providing an opportunity for US and Israel investors to invest in India.
“India is buzzing with new ideas and initiatives. We want to partner with Indian companies and entrepreneurs who are coming up with innovative and scalable models but lack funding and technological expertise to take their businesses to the next level and expand.
Already, we have partnered with several companies like Batua Technologies, which is coming up with innovative products like international recharge card, Aadhaar-enabled payment machines, SabRentkaro and others. We would like to invest in companies and start-ups focusing on water, health, fintech, deep tech and other areas,” Ashish Paul, COO of Israel India Technology Group, told Express.
As technology is the strength of I-IT, it is looking for companies working on innovative solutions, which can be scaled up by leveraging technology. It is already in talks with several companies and entrepreneurs across India to set up water ATMs using Israeli water machine technology, water treatment plants, desalination technology and others.
“We are open to partnering with any entrepreneur, company and start-up if they have viable business model, irrespective of their size. We have even launched ‘Get Your Pitch Right’ series to connect with new entrepreneurs and start-up community across India, where they will be provided insights on how to present their pitch and come up with true valuation,” Paul said.
He added that the company has just begun its journey in India and invested more than $25 million in different companies till now. “We are planning to invest about $300 million in Indian companies and start-ups over the next one year,” noted Paul.