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Silverneedle Ventures launches Rs.100-Cr fund; to invest in 30 startups

MyBigPlunge  

Hyderabad-based Silverneedle Ventures has launched an INR 100 crore VC fund that will aim to invest in 30 startups over the next 18 months. The fund was founded by Ajay Jain and Deepesh Agarwal, who are also the founders of startup advisory firm Xseed Partners. SNV fund plans to mainly invest in B2B SaaS, deeptech, sustainability, and direct-to-consumer (D2C) and consumer internet-focussed startups. The fund will support the investee firms till exits — generally in 3-5 years. It will aim for investing in the range of INR 1 to INR 6 crore per deal.