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Prodapt, today announced the launch of Prodapt Ventures, a business division with an initial allocation Rs.100cr for investing in early-stage ventures. Prodapt Ventures will focus on transformative business ventures impacting the Telecommunications/Digital Service Provider (DSP) vertical and agri-tech and agri-distribution industry.
Chennai, March 28, 2018:
Prodapt and its associate companies today announced the formation of Prodapt Ventures. Prodapt Ventures will invest an initial allocation of Rs 100 crores across early-stage companies and also help incubate transformative businesses in selected industry verticals. The focus areas of investments will be technology and service businesses in the communications industry and transformative ideas in agri-tech and agri-distribution in India.
Prodapt is a global leader in providing IT, product, network, and operational services for the digital service provider (DSP) vertical. With offices across Europe, USA, Africa, and India, Prodapt employs over 2000 telecom and DSP technology and domain specialists.
Prodapt’s associate companies, Tropical Agro Systems and JU Agri Sciences form one of India’s leading manufacturing and distribution businesses in agricultural inputs. The Agri inputs businesses have a network of over 10,000+ dealers and distributors, and over 1000+ marketing personnel. Prodapt Ventures will be able to accelerate companies in the Agriculture sector and their businesses with the support of Prodapt’s associate companies.
Vedant Jhaver, Group President said, “The telecommunications industry globally is consolidating into multi-channel operators, which creates tremendous opportunities in next-generation technology adoption and industry shifting business ideas. Similarly, agriculture in India is set for a revolution. The agricultural industry in India will see a huge transformation over the next decade with the combination of technology, connectivity, and further boosted by government initiatives. Leveraging our business platforms in telecom and agriculture distribution, our investments will focus on these verticals. Prodapt Ventures will be able to provide our portfolio companies deep insights, guidance, connections, and help them to build quicker go-to-market partnerships through our group of operating businesses.”