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Venture Catalysts-backed Elev8 Venture Partners on Thursday announced the launch of a USD 200 million fund to invest in tech companies. The fund intends to invest in growth-stage, technology-driven companies in Series B and C rounds, an official statement said, adding that each bet will be between USD 5-USD 15 million. It will be led and co-founded by Navin Honagudi, who was working as a partner at Kae Capital for over a decade and has invested in over 50 companies, the statement noted. Early-stage platform Venture Catalysts is an institutional backer for Elev8, which will be the fourth fund to be backed by the firm and take the total assets under management for the group to over USD 450 million. It can be noted that the announcement comes at a time when the entire ecosystem is going through what is being referred to as a 'funding winter' where investors are shying away from taking newer bets. "Even though liquidity in technology investments is drying up, Elev8 has received an ...
Angel investor Venture Catalysts (VC) on Tuesday said it has raised Rs 100 crore for a new fund which will invest in over 100 Indian startups. The '9unicorns Accelerator Fund' of VC is built along the lines of Silicon Valley's accelerator fund Y Combinator's strategy which has over 2,000 investments. This is the first close of Rs 100 crore or USD 14 million for the fund, which will focus on identifying startups early and would prefer to be the first external investor in a company's journey, a company statement said. VC's founding team members Apoorva Ranjan Sharma, Anuj Golecha, Anil Jain and Gaurav Jain are the founders for the fund, it said. There's no better time to bet on Indian entrepreneurs than today. We are witnessing a surge in startups who are focused on solving Indian and global problems born out of various parts of India, Sharma, who was an early investor in Oyo Rooms, said. Most startups struggle to raise their first round of funds in India and have to mostly rely on