INR 100 Cr Startup Fund from Toch.ai To Invest In Video And Audio Tech Start-Ups
AI-driven SaaS platform for digital content players, Toch.ai, recently launched INR 100 crore Startup Fund to invest in video & audio tech start-ups globally over a period of time.
Toch.ai, an AI-powered SaaS platform for digital content players, recently launched an INR 100 crore Startup Fund to invest in video and audio technology startups around the world over a period of time. The Startup Fund initiative is the brainchild of Toch.ai's three co-founders, Vinayak Shrivastav, Saket Dandotia, and Alok Patil.
The fund aims to support early-stage startups to foster innovation and fuel industry growth. To foster a culture of promoting and developing innovative technologies, the company has announced that it is providing advice and networking opportunities to the most promising startups, along with capital injections.
“The video industry has experienced record growth over the past few years and I am confident that this is only the beginning. Through appropriate support and encouragement for the nation's talent and innovation, we want to be the driving force behind the growth and expansion of the video technology industry in India and around the world. Vinayak Srivastav, Co-Founder, and CEO of Toch.ai said, “We believe in a shared responsibility to advance this industry with cutting-edge, innovative solutions to meet the evolving needs and changing needs of our end customers.
Reflecting similar sentiments, Sanket Dandotia and Alok Patil emphasized that the program will be a stepping stone for young startups looking for an early impetus to bring innovative audio and video solutions to market.
Ritesh Mehta, Chief Financial Officer of Toch.ai, said: We believe this is an investment in the future of video technology that will deliver positive results and transform the industry as we know it.” Toch.ai plays a key role in shaping the video technology ecosystem.
The company recently completed a Series A round and is currently working to strengthen its technological capabilities and expand its geographic presence. The company serves a broad network of broadcasters, OTT platforms, media platforms, and producers, enabling them to meet the changing needs of the market in terms of viewers or competition.