Fund News
Angel investment platform Peaceful Progress makes first close for Rs.50-Cr fund
Angel investment fund Peaceful Progress has announced the first close of its INR 50 crore fund for early-stage startups. The fund raised the initial corpus from more than 15 high-net-worth individuals (HNIs) from verticals such as information technology, financial services, and hospitality. The fund plans to invest up to INR 3 crore per startup in segments such as fintech, healthtech, edtech, foodtech, consumer tech, direct-to-consumer (D2C) and electric vehicles (EV). It will look to fund 15-20 early-stage startups in the next three to four years. Led by Chandrashekar Kupperi, Kamal Agarwal, and Sitaraman Parthasarathy, the fund has so far invested in four startups – edtech platform Expertrons, HR-tech startup Kredily, cleantech startup Sheru and retail-tech platform Infilect.
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