Naya Ventures to invest in 7 Indian firms.

Naya Ventures, a Dallas-based, early-stage technology fund focused on mobile, cloud and big data, will be investing in six to seven cutting-edge technology companies originating from India over the next one year, according to its founder and general partner Dayakar Puskoor.

'We have already identified a couple of startup ideas from International Institute of Information Technology-Hyderabad and one from Indian Institute of Technology-Madras. We will be investing in them pretty soon,' Puskoor told Business Standard.

The almost two-year-old, $50-million fund has so far invested a total of $10.5 million in 14 young startup companies, all based out of the US. These include realtime location-sharing platform Glympse, Boxfish, a company that captures every word spoken on TV and social in realtime, and Altia Systems Inc, which developed a new camera technology that combines its patented hardware, algorithms and software in one device to enable a panoramic-HD video stream with a 200-degree field of view.

BS