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SucSEED Indovation announces first closure of maiden Rs 100 cr fund

Indovation Fund has identified three startups Stargate, Auris, and Freestand for investment and has signed term sheets

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SucSEED's second closing is targeted for February-March 2021, with a focus on corporate ventures.

4 min read Last Updated : Dec 23 2020 | 10:20 PM IST

Hyderabad-headquartered SucSEED Indovation, an Alternative Investment Fund (AIF-1) venture capital angel fund, on Tuesday announced the first closure of its maiden Rs 100 crore fund by raising Rs 40 crore.

Through this fund, SucSEED aims to support over 50 startups till they become large enterprises over their 3-stage funding thesis.

Vikrant Varshney, co-founder & managing partner of the find said that angel investors, CXOs in large domestic and global enterprises, family offices, and few family trusts participated in the first successful closing of Rs 40 crore.

Indovation Fund has identified three startups Stargate, Auris, and Freestand for investment and has signed

Topics : Startup Investment funding

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