Dallas VC attracts Rs 60-Cr from SRI Fund, NewcrestImage for India fund

Dallas Venture Capital (DVC) has received commitments of INR 60 crore from the Indian Government promoted fund-of-funds Self Reliant India (SRI) Fund and US-based NewcrestImage for its new India focused VC fund. Of this, SRI Fund has committed INR 40 crore. DVC, based in Dallas, USA and Hyderabad, invests in cloud infrastructure, B2B SaaS, AI/ML, mobile, XR and other emerging technologies.