NEW DELHI: Micro-VC fund CapFort Ventures on Wednesday launched a Rs 200 crore India-focused tech fund that plans to put money into greater than 40 startups within the subsequent two years.
With a concentrate on pre-Collection A stage firms, the fund will put money into startups with a valuation Rs 100 crore, it stated in an announcement.
The India-focused fund is spearheaded by business leaders Abhimanyu Bisht, the previous CEO of Enterprise Catalysts, and Kavit Sutariya, the founding father of Hiraco Ventures and angel investor.
“The introduction of our Rs 200 crore India-focused tech fund is a strategic milestone for CapFort Ventures. We’re assured in our skill to establish ground-breaking tech startups and information them in the direction of sustainable development,” stated Bisht, Common Accomplice, CapFort Ventures.
CapFort Ventures, a Class II AIF fund, goals to put money into startups throughout key expertise domains protecting deeptech, cleantech, B2B tech, logistics, healthtech and different impact-oriented sectors.
The primary shut of the fund is predicted to happen by the tip of the yr. The VC agency stated a inexperienced shoe choice of Rs 100 crore can be out there, in case of further curiosity is acquired from buyers.
“By investing in high-potential expertise startups, we intention to assist disruptive entrepreneurs push the envelope of technological innovation which drives India’s subsequent decade of development,” stated Sutariya.
Sutariya has remodeled 72 investments throughout numerous sectors and phases of startups. A few of his key investments are Wellness Eternally, Reshamandi, Chqbook, Melorra, Karkinos, Ketto, Inc42, FarEye, Pidge, Posist, Zingbus and TrueMeds.
Bisht has invested in startups like Zingbus, AdOnMo, Fundamental Residence Mortgage, Sheru, Hesa, ANS Commerce, Ethereal Machines, InShorts and Vidooly.
