Fund News
Girish Mathrubootham, Manav Garg launch $85-M SaaS-focused fund ‘Together'
Freshworks founder Girish Mathrubootham and Eka Software founder Manav Garg have launched a new venture fund, called ‘Together', with a key focus on backing early-stage software products companies being built out of India or by Indian founders. Set up as a global fund in Mauritius with a corpus of USD 85 million, Together also counts Shubham Gupta, who led SaaS deals at Matrix Partners until last year, and Avinash Raghava, a founding member of SaaSBoomi and former iSpirt and Nasscom fellow, as its founders. Together has raised capital from a network of almost 150 entrepreneurs and startup operators from India and globally, including BrowserStack co-founder Ritesh Arora, Cred founder Kunal Shah, Capillary founder Aneesh Reddy and Unacademy's Gaurav Munjal. The fund is also backed by a few VCs and institutional investors. While Together's core focus will be on backing SaaS startups, it will also look to back early-stage companies in sectors such as edutech, fintech and those building developer tools, which have the potential to build solutions out of India for global markets. The fund will operate in the early-stage Seed to Series A space and will cut around 20-25 cheques of USD 250,000 to USD 3 million over the next few years, with the potential to invest in follow-on rounds.
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