TDK Ventures to invest in startups with similar ideals, says Achyuta
TDK Corporation (TSE: 6762) says its newly appointed Investment Team in the recently opened Bengaluru innovation hub will focus on helping Indian entrepreneurs accelerate the development of their innovative technologies and solutions beyond India, leveraging the Tokyo-headquartered group’s experience in scaling global deep-tech startups worldwide.
Ravi Jain will lead the corporate venture capital firm’s regional India investments, and Vasan Churchill will drive investment analysis. The India-born business stalwarts will work out of Bengaluru, said TDK’s San Jose-based subsidiary TDK Ventures, Inc.
TDK Ventures Bengaluru innovation hub office is its first expansion outside the US. “This move reflects a shift to bring investors to entrepreneurs, rather than the other way around,” TDK Ventures President Nicolas Sauvage noted.
“By situating TDK Ventures closer to India’s visionary startups and innovators, the goal is to offer TDK Goodness firsthand, accelerating the development of transformative technologies that can benefit the global ecosystem.”
“TDK Ventures entered the Indian market with a mission to accelerate learning, bring meaningful contributions to society, and invest in startups with similar ideals,” said Anil Achyuta, TDK Ventures Investment Managing Director.
“Investing in and being present in India, alongside phenomenal startups addressing these critical challenges, enables us to take a meaningful step toward uniting global innovators and providing them with the support needed to drive real change—a win for everyone.”
TDK Corporation is a world leader in electronic solutions for the smart society based in Tokyo. Fiinews.com
