Homegrown venture capital (VC) company IvyCap Ventures on Tuesday said it has closed its 'Fund III' at Rs 2,100 crore, taking its total assets under management (AUM) to Rs 5,000 crore.The 'Fund III' plans to invest in about 25 companies at .
The fund is allocating a significant portion of its third fund to invest in around 25 early-stage startups. These initial investments will typically range from Rs 30 crore to Rs 50 crore. Some of the startups that have already received funding include Dhruva Space, Snitch, Celcius Logistics, GradRight, Eggoz, and Flexifyme.
IvyCap Ventures closes Fund III at Rs 2,100 Cr yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
Homegrown venture capital firm IvyCap Ventures, which has backed startups such as Purplle, Clovia, BlueStone among others, has marked the final close of its third ..