Multiply Ventures, an early-stage VC fund, has announced the closure of its maiden fund worth Rs 260 crore. The fund focuses on early-stage deals across 4 core sectors: Fintech, Edtech, Retail, and Health.
The fund earlier received its SEBI approval to launch the fund in 2020 and the fund completed its final close recently.
The 3 Partners built a portfolio of 30 companies as angels before embarking on launching a structured fund. Some of the notable companies in the pre-fund include Open Financial, DealShare, Gramophone, ShopKirana, Madstreet Den, and Skill Lync.
Multiply Venture has invested in 15 companies to date and plans to invest in 8 to 10 more startups in the next 12 months. Some of the portfolio companies include- Nova Benefits, upswing, Freed, Bharat X in fintech, Nutty Yogi, Iluvia, in sustainable consumer space, Jovian, & clever Harvey in Edtech, and OneCare and Being in Health.