Mela Ventures closes its first fund at Rs 320 cr

The fund was oversubscribed by 1.6x times from first close target

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Shivani Shinde Mumbai

2 min read Last Updated : Mar 02 2022 | 4:16 PM IST

Mela Ventures, an early stage startup fund founded by Mindtree co-founders Krishnakumar Natarajan and Parthasarathy N. S, announced the close of its maiden fund MV Core Tech Fund-1 at Rs 320 crore.

The Sebi-approved Category-2 AIF fund for early-stage companies closed the fund at Rs 320 crore which was 1.6x times the first close target. The capital commitments were made by diverse group of global investors, Government institutions, tech professionals and family offices – including investments from Nippon India Digital Innovation AIF (NIDIA) and SIDBI Fund of Funds for Startups.

Mela Ventures will back early stage startup companies in the

Topics : Startup funding

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