Venture Intelligence (TSJ Media Pvt. Ltd.)
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Pavestone VC attracts Rs.15-Cr from Belgian co Colruyt
Hyderabad-based Pavestone VC’s maiden fund, Pavestone Technology Fund, a Sebi-registered alternative investment fund (AIF) with a target corpus of INR 900 crore (around USD 107.7 million), has attracted INR 15 crore (around USD 1.8 million) from Colruyt Group India, the engineering arm of Belgian food and grocery retailer Colruyt Group.Founded by Sridhar Rampalli, Srikanth V J Tanikella and Laxmikanth V in 2021, Pavestone backs growth stage startups across deeptech and enterprise tech sectors. With the latest investment, the fund has raised a total of around INR 800 crore and is on track for its final close in a couple of months.The VC firm has a primary focus on spacetech, 5G infrastructure, blockchain, quantum computing and EV (electric vehicle) components.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.