Subhkam Growth Fund I, the maiden Domestic Fund from Subhkam Ventures, has made an investment in Nicheken Technologies Pvt. Ltd. The investment will be the first round of growth capital, and will provide Subhkam a substantial minority stake in the Company. Nicheken is promoted by two distinguished technocrats, Dr. M.V. Pitke and Dr. T. Chandrasekaran. Nicheken, a technology oriented company, specializes in the areas of telecommunications and power electronics. The Company focuses on creating cost effective innovative add-ons to the existing equipment which have the impact of reducing the overall cost in the eco system, either by decreasing the incremental capex requirement or by improving the efficiency. Mr. Rakesh S Kathotia Chairman, Subhkam Ventures said, “with the ever increasing appetite for telecom bandwidth and power and the inherent redundancy of such infrastructure equipment (due to technology upgradation), the need for cost effective add-ons, which enhance the efficiency and life of critical equipment, is immense. Such cost effective equipments could also be a great enabler in fulfilling the government’s objective of providing telecom and power in each nook and corner of India.” […]