CapFort Ventures, a micro VC fund, has introduced a ₹200 crore India-focused tech fund with an intention to assist the expansion of the Indian tech ecosystem. It stated it might put money into over 40 start-ups within the subsequent two years.
Abhimanyu Bisht, General Partner, CapFort Ventures, stated, “The introduction of our ₹200 crore India-focused tech fund is a strategic milestone for CapFort Ventures.”
“Our objective is to provide not only financial support but also invaluable guidance and mentorship to help entrepreneurs turn their vision into reality. We are confident in our ability to identify ground-breaking tech startups and guide them towards sustainable growth,” he stated.
Kavit Sutariya, General Partner, CapFort Ventures, stated, “As the third-largest startup economy, India has demonstrated the potential to be a superpower in innovation and profitability. By investing in high-potential technology startups, we aim to help disruptive entrepreneurs push the envelope of technological innovation which drives India’s next decade of growth.”
With a concentrate on pre-Series A stage corporations, the fund will put money into corporations with valuations inside ₹100 crore. The first shut of the fund is predicted to happen by the top of the yr.
