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Zero To One sets up Rs 300 Cr fund to back early-stage startups

Investment firm Zero To One (ZTO) has received regulatory body SEBI’s approval to set up a Rs 300 Cr Category-1 Alternative Investment Fund (AIF).

The fund will invest in pre-Seed and Series A tech-enabled startups across edtech, healthtech, agritech, medtech and cleantech sectors.

According to ZTO, its in-house screening mechanism helps identify suitable startups for investments. It offers investors an investor syndicate to share their risks and diversifies their investment portfolios to get maximise returns.

Founded in May 2022 by Praveen Kaushik and Rahul Massey, ZTO claims to have a network of more than 500 angel investors, high net-worth individuals (HNIs) and VCs across India, Singapore, Dubai, US and UK. 

On Thurdsay, investment firm Mumbai Angels launched two funds ‘Category 1 Venture Capital Fund- Angel Fund’ and ‘Category 1 Venture Capital Fund’ (VCF). Earlier this month, Lighthouse Canton marked the first close of Rs 550 crore venture debt fund.

In 2022, more than 100 funds including CVCs, VC, angel and debt funds, among others announced their new fund to back Indian startups.

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