Nikhil Vora, founder and CEO of Sixth Sense Ventures, told ET that the investment includes a significant secondary component, in which it bought a stake in the 49-year-old spices maker Pushp from A91 Partners.
In the next 15-20 years, India will have at least 50 new (AI-driven) billion-dollar companies that are going to solve problems for the largest companies around the world.
India s Economy in 2023: A Year-End Review india-briefing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from india-briefing.com Daily Mail and Mail on Sunday newspapers.
The consumer technology market in India will likely touch $300 billion in the next four years, while online retail could top $160 billion by 2028, reports suggest. This and more in todays ETtech Morning Dispatch.
The company has previously raised about $7 million in total. From the current funding, about $2 million will be used for early-stage investor exits, in about 5X returns in four years. Its other past investors include Peak XV Partners, formerly Sequoia India and Southeast Asia.