Private Equity

Fund News

Multiply Ventures closes maiden fund at Rs.260-Cr

Business Line  

Multiply Ventures, an early-stage venture capital fund, has announced closure of its maiden fund at INR 260 crore, above the target of INR 250 crore. The fund will focus on early-stage deals across four sectors: fintech, edtech, retail, and health. Most investors in the fund are Indian family offices and digital-first entrepreneurs. Multiply Ventures will invest very early, and ideally, be the first institutional investor, and in most cases, lead the round. The average first cheque is INR 4 crore. It will invest up to INR 20 crore in efficiently run businesses till series A.