Venkat Rajendran, who founded Deccanet Designs before selling it to Flextronics, has started an incubation firm, Billionways. | |
| The firm will not only incubate the start-ups with mentoring but also provide initial seed capital. |
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| Billionways will focus on ventures that are primarily in the technology and retail space. According to Rajendran, he has access to $50 million from which he and his group of partners and directors can invest from. |
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| Under the technology space, Billionways has invested in IT training, software product testing firm in China, an RFID start-up in Mysore and in a Bangalore-based fashion boutique which focuses on women's wear |
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| "It is not a typical VC firm. We will promote, invest and advice entrepreneurial ventures. Telecom is an area which is close to me and we will be looking at this space," Rajendran added. |
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