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UK-Based Billionaire Bets Big on Indian Diaspora Founders
8 Dec
Summary
- Siddharth Shankar invested $500,000 in Arya Ventures.
- The fund backs Indian-origin tech and AI startups in the US and UK.
- Indian immigrants founded 19% of US unicorns since 2018.
India-born entrepreneur Siddharth Shankar, now based in London, has made a significant investment of $500,000 in Arya Ventures. This newly launched seed-stage venture capital fund is dedicated to supporting technology and artificial intelligence startups founded by Indian-origin entrepreneurs in both the UK and the US.
Shankar, who recently announced his backing of the fund, emphasized the remarkable achievements of the Indian diaspora in the tech sector. He pointed out that Indian immigrants have founded a substantial number of US unicorns since 2018, collectively valued at $195 billion, despite representing a small percentage of the US population.
Shankar's career includes scaling Tails Trading Group to a $500 million exit without external funding and co-founding Connoisseur Branding Solutions. He believes in the strong potential of the UK-India economic corridor and is committed to connecting human potential with global market opportunities.
