TVS Capital joins the search for AI-powered IT disruptor

TVS Capital Funds, which backs growth-stage startups, is targeting enterprise technology and services companies with its latest fund, according to a top executive, joining the race to find the next big disruptor for the information technology industry.

- Rwit Ghosh [e-mail]

TVS Capital is targeting enterprise technology with its latest fund.

"A lot of our investing DNA has been more focused on enterprise versus consumer, especially over the last 1-2 funds. Additionally, technology is a future-ready theme that we can invest in over a 10to 15-year period, which will pay dividends going forward," Naveen Unni, managing partner at TVS Capital Funds, told Mint.

"AI-first business process outsourcing startups are one of those next-gen opportunities," said Unni. "Think of it like an Indian partner to a US venture capital firm. They have the cutting-edge technology, we have the BPOs and can find a way to integrate these to provide a better and more productive customer experience."