Venture Gurukool to launch $20 Mn VC fund, invest in B2B & consumer tech startups

Early stage firm Venture Gurukool is planning to launch venture capital fund called VG Coop Fund with a total corpus of $20 million to fund the business-to-business and consumer technology startups across the country.

The VC firm has partnered with three large Chinese investors who will be co-investing with Venture Gurukool.

The Fund will be invested in platforms who have been successful in China and are familiar with the Chinese market in the form of pre-series and series A investments to startups.

Led by Mahendra Swarup and Ntasha in 2016, Venture Gurukool focuses on startups that not only need capital but also require mentoring to transform them into disruptive companies.

It also serves as a suitable platform for making the right connect with corporates, academic mentor, key industry mentors and domain-specific mentors.

The VC firm has several companies in its portfolios like OllyCredit, Ahoy, Amie, Budli and others.

Last year, Venture Gurukool and IGAIN, in collaboration with the Startup India Association, organised the China Investor Roadshow 2017. The show aimed to showcase promising Indian ventures to Chinese investors through exclusive meetings, based on the investor profile and investment preferences.

Numerous venture firms are also looking to place early-stage bets on India’s startup ventures.

Also Read: Apollo, IBM launch fund, to invest $50 Mn to $100 Mn in healthcare startups

Last month, Apollo Hospitals in partnership with IBM also launched an investment fund with a total corpus between $50 million and $100 million to fund the healthcare startups across the country.

Last year, the founder of UIDAI (AADHAAR) Nandan Nilekani along with Helion Venture’s Sanjeev Aggarwal launched an investment fund called Fundamentum. The investment fund with a corpus of $100 million will back startups looking for growth capital.

A slew of investments raised by different funds will help the startup ecosystem to pull out of the funding crisis and support the ecosystem to grow manifold.

The funding news was first reported by Mint.