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.
The fresh capital will be utilised to double down on deep tech AI-driven automation, expand its talent pool, expand internationally, and prioritise customer success
Read more about IvyCap leads $6 million funding round in mobility platform Get My Parking on Business Standard. Existing investor IAN Fund also participates. With this Series-A round, startup has raised $10.5 million in all so far