Hyderabad-born Sateesh Andra spent several years in Silicon Valley building his own IT management software startup Euclid before changing lanes to become a venture capitalist. He set up and ran Draper Fisher Jurvetson’s (DFJ) India operations more than a decade ago before starting Endiya Partners, a technology focused seed stage venture capital firm.
Endiya, which Andra founded in Hyderabad 2015 with Ramesh Byrapaneni and Abhishek Srivastava, debuted in the market with a $26 million fund and is now on the road to raise a $75 million second fund. It announced the first close of the fund in May this year and Andra expects to have the entire fund raised by the end of this year.
In an interview with TechCircle, on the sidelines of TechCircle LIVE which concluded recently in Bengaluru, Andra spoke about why the firm has a specific focus on technology startups, especially enterprise technology startups, what it looks for in an entrepreneur and why Hyderabad’s startup ecosystem holds as much potential for startup-led innovation as Bengaluru.