Silicon Valley's Tribe Capital to launch $250-M India-focused fund

Silicon Valley-based Tribe Capital plans to launch an India-dedicated fund with a corpus of USD 250 million. The fresh pool of capital for India will be separate from Tribe's global fund, which has already backed Indian startups such as logistics aggregator Shiprocket, BlackBuck, a trucking platform, Khatabook, which helps small businesses keep digital records. While the fund is sector-agnostic, based on where it observes product-market fit from its current activities in India, it would focus on AI, software, and fintech.