Fund News
Early-stage focused Peaceful Progress Fund closes first fund at Rs.50-Cr
Peaceful Progress Fund , dedicated to co-investing in early-stage businesses in tech-enabled, consumer goods and mobility segments, has closed its first fund at INR 50 crore.The Chennai-based CAT-I Alternative Investment Fund (AIF) has invested in 22 startups across industries including Zypp Electric, Garuda Aerospace, Bombay Shaving Company, Revamp Moto, Lissun, Liger Mobility, Supply6, Zomoz, Tessol, CargoFL, and Wellversed.It plans to invest in more than 25 additional startups over the next three years. The fund focuses on domains such as AI, ML, IoT, VR, and MR. In the non-tech sectors, it focuses on FMCG startups operating on B2B, B2B2C, B2C, and D2C models, and mobility including electric vehicles, drones and spacetech.
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