SRI Capital

SRI Capital has raised $45.2 million for its debut fund, according to an SEC filing https://www.sec.gov/Archives/edgar/data/1740928/000174092819000001/xslFormDX01/primary_doc.xml The target is $100 million. The early-stage venture firm invests in startups mostly based in India and the U.S.

SRI Capital said it is raising a $100 million maiden early-stage venture-capital fund focused on tech companies in the United States and India.

SRI Capital has launched its debut $100 million early-stage venture fund focused on tech opportunities in the U.S. and India. The fund's limited partners include Sashi Reddi's family office, Doc Parghi and two advisory partners based in India.

India and U.S-based Imaginate, a virtual reality and augmented reality company, has secured $500,000 in funding. The investor was SRI Capital. In addition to the funding, Sashi Reddi, a managing partner of SRI Capital, has joined the Company’s board of directors.

Conshohocken, Pennsylvania-based Zuppler, a provider of software for restaurants, has secured seed funding from SRI Capital. No financial terms were disclosed. In addition to the funding, Sashi Reddi, managing partner of SRI Capital, has been added to Zuppler's board.

Ben Franklin Technology Partners of Southeastern Pennsylvania has raised $15 million for a regional venture fund focused on early-stage tech businesses in the Greater Philadelphia region. The GO Philly Fund seeks to raise up to $50 million. EPAM Systems is the lead investor. The GO Philly Fund will mostly operate as a co-investment fund with Ben Franklin. The fund will seek to make initial investments of between $50,000 and $500,000, with follow-on investments of up to $3 million.

VKRM Group has led a $2 million funding round in Glassbeam, Inc., a machine data analytics company. Along with the funding, Glassbeam has announced that Kumar Malavalli will take on the role of chief strategy officer.