Jay Patel of NewMedia SPARK, VC Firm Part-I
By kamla bhatt • Jul 13th, 2006Category: Business & Tech, Diaspora, Hyderabad, Ideas, Internet & Telecom, London, VC & Private Equity Funding
Jay Patel is an executive director at IMImobile, a wireless value added services company in Hyderabad, India. He is also a director at NewMedia SPARK, a London-based VC firm. Recently IMImobile received $10 million in Series B funding from Pequot Ventures.
In this podcast interview Jay talks about IMImobile’s latest round of funding and shares some great tips and ideas for entrepreneurs on how to raise money from VCs.
What do VCs look for when they evaluate and do a the due diligence of start-ups? As part of the NewMedia Spark team Jay is constantly on the look-out for good start-ups to evaluate and fund. What does it take to get into Jay’s radar? Listen to the podcast to find out what kinds of start-ups Jay is interested in India.
In 2005 IMIMobile got its first round of funding (Series A) from NewMedia SPARK, an early stage investor in digital media and technology companies.
IMImobile provides a whole range of VAS including managed services, gateway connectivity, service delivery, content management, messaging platform and gateways, content aggregation and development.
Kamla Bhatt is the host and producer of an Internet Radio show where listeners can find stories about the new and emerging India and the global Indian community. As a pioneer of 'internet radio' format in India Kamla started her first show News about India, followed by TalkNewsIndia in 2005. In 2006 she premiered her new show: The Kamla Bhatt Show: Life, People and Ideas. 
