Venture Intelligence (TSJ Media Pvt. Ltd.)
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Startup accelerator Upekkha raises $9-M from WestBridge Capital
Bangalore-based Upekkha Value SaaS Accelerator has raised USD 9 million from WestBridge Capital towards its rolling fund that will invest in around 50-60 startups in the current financial year. This is the first of its kind alternative investment fund (AIF) in India. In a rolling fund, the investor will invest in companies on a revenue-based financing model which is not debt but equity-led. The software as a service or Saas-focussed investment firm, launched in January 2021, typically invests around USD 100K-USD 200K in companies.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.