Sudhir Menon & Atul Hegde join hands to launch Rainmaker Ventures

15 Dec,2015

By A Correspondent

 

Sudhir Menon and Atul Hegde, two very prominent industry figures have announced the launch of Rainmaker Ventures. Sudhir Menon is the Chairman & Managing Director, Dorf Ketal, a Rs 2000 crore global corporation specializing in the development, commercialization, marketing and application of specialty engineered chemistries for the refining and petrochemical industries. Atul Hegde is one of the pioneers of the Indian digital media industry and was previously part of the Astro group of Malaysia funded – ToTHENEW ventures, running Ignitee Digital, a leading digital marketing firm.

 

Rainmaker Ventures with presence in India, USA, Brazil and Singapore launched with an early stage start-up fund of $US50mn and will aim at identifying competent tech-startups and invest not only seed-capital, but also, the partners’ collective expertise of growing successful businesses.

 

Atul Hegde, Co-Founder, Rainmaker Ventures spoke on the launch, “Rainmaker by the modern definition is somebody who makes a significant difference to an organization or a group. We strongly feel that early stage startups need full time mentoring as much as they need capital. I have seen most startup businesses fail to move on to the next stage due to lack of real life business experience. Simply infusing capital is not the only requirement. That’s where Rainmaker Ventures come in. We want to create a value-establishment – one that creates and nurtures real businesses in today’s virtual world.”

 

Sudhir Menon, Co-Founder, Rainmaker Ventures added “Today, capital seems to be chasing anything that is in the garb of a tech startup. This scenario will get a reality check very soon. In the end, its real business that counts, both to the startup founders & the investors. Rainmaker ventures will focus on helping budding entrepreneurs to build a strong business on the ground. We believe that is the only way to ride & survive this start up wave”

 

Rainmaker Ventures will look at mentoring 10-12 early stage startups in its first year of operations. Expansion will also be enabled with more senior professionals from varied sectors joining the company as full time mentors.

 

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