Wipro Consumer Care & Lighting: Sumit Keshan, managing partner of Wipro Consumer Care – Ventures, said the fund s approach has been to invest $1-3 million per deal with a follow-on investment that can go up to $4 million. The second fund will make a portfolio of around 15-16 companies, largely with the same ticket sizes, with a little more focus on follow-on funding, he added.
[Funding roundup] Spacejoy, BRIGHTBLU, Better Opinions, Prolance raise early-stage rounds
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[Weekly funding roundup] Investments into startups decline by 57 pc, closes at $107 million
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This nutraceutical startup believes a gummy bear a day can keep health issues at bay
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