Fund News
BizDateUp launches Rs.500-Cr Pulse Fund I to back startups, SMEs, real estate
Mumbai-based startup ecosystem enabler BizDateUp has launched Pulse Fund I, an INR 500 crore Category II Alternative Investment Fund (AIF). The fund will have an additional INR 500 crore green-shoe option.Pulse Fund I is structured as a 10-year close-ended fund and will focus on AI, SaaS, fintech, health-tech, deep-tech, defence, aerospace, gaming, EV mobility, green energy, and reg-tech across tier-II and tier-III cities.Founded in 2020 by Jeet Chandan and Meet Jain, BizDateUp offers support services to entrepreneurs and claims to have funded 25+ startups, having raised a USD 10 million fund previously. It claims to have engaged 1,000 angel investors, delivering an average 3.5x return to backers in FY24. It also plans to expand globally, with parallel funds in Singapore, the USA, and Dubai within the next 24 months - targeting over USD 1 Billion in capital.
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