Rhiti and Kanodia Group collaborate for a new venture capital fund

Sports-focused Rhiti Group has collaborated with cement maker Kanodia Group to launch Deep Pockets Capital Venture LLP, a venture capital fund to incubate budding entrepreneurs as well as fund and scale tech startups. Deep Pockets is looking at funding businesses with anywhere between INR 25 lakh and INR 2 crore. It will focus on tech-specific sectors — including filmmaking, web series and TV shows, sports technology and consumer healthcare — which will combine science and insights, automotive technology to boost smart mobility, agritech and fintech.