The week noticed a handful of bulletins from new and current enterprise capital homes. World enterprise capital agency Accel, which established its first India fund in 2005, introduced the launch of its seventh fund for the nation.
The brand new $650 million fund will make investments throughout India and Southeast Asia markets, taking its whole dedication to the area to over $2 billion. Flipkart, Freshworks, Acko, Swiggy, and Mensa are amongst its strong portfolio base in India.
Singularity AMC, a enterprise capital fund backed by former Reliance Capital govt Madhusudan Kela, floated a Rs 600-crore development alternatives fund. The fund will provide development capital to know-how start-ups.
Additionally Learn: OTT app Pocket FM raises $22.4 mn led by Lightspeed
It has already raised Rs 350 crore of the goal corpus, of which Rs 150 crore has been deployed throughout six firms together with Servify, Exotel, and Eduvanz. It appears to be like at alternatives in fintech, insure-tech, enterprise SaaS, schooling loans and providers, digital buyer communication, and sweetness and private care.
Mela Ventures, an early-stage fund floated by Mindtree co-founders Krishnakumar Natarajan and Parthasarathy N. S, introduced the ultimate shut of its maiden fund at Rs 320 crore.
Named MV Core Tech Fund-I, the fund acquired capital commitments from a gaggle of world buyers, authorities establishments, tech professionals and household workplaces together with investments from Nippon India Digital Innovation AIF (NIDIA) and SIDBI Fund of Funds for Startups.
Additionally Learn: Startups raised $7.2 billion throughout This autumn, 2021; Fintech most funded sector: Nasscom-PGA Labs report
Mela Ventures primarily invests in early-stage B2B startups, however would additionally make a choose few Collection A and B stage bets.
Seasoned investor Radhesh Kanumury introduced his new fund ‘Suvan Ventures’ which goals to boost about $10-15million funding in software-as-service (SaaS) firms.
The early-stage B2B Indian cross-border fund expects to make 20-25 investments. Kanumury was the founding member and managing accomplice of Arka Enterprise Labs.
Flipkart-backed agritech start-up Ninjacart launched a $25 million fund to assist rising and new-age start-ups within the agriculture sector.
Additionally Learn: Flipkart-backed Ninjakart proclaims $25 mn fund to put money into agritech start-ups
With an intention to spice up tech innovation and speed up disruption, Ninjacart stated it can make seed investments in start-ups, entrepreneurs and tech innovators who current distinctive, sustainable and tech-enabled options.
As well as, Ninjacart will put money into groups which have nice tech talents however might lack an answer or an concept in the mean time.
In an in any other case muted week of start-up funding, audio over-the-top platform Pocket FM secured the biggest spherical.
The spherical was led by Goodwater Capital, Naver, and Tanglin Enterprise Companions. The brand new spherical takes its whole fundraising to $94 million.