India- and US-based firm, Inventus Capital Partners, has announced the final close of its third fund at $51.98 Mn. Inventus Capital raised its first fund of $51 million in 2009 and the second one closed with commitments of $106 million in January 2014, both of which had a focus on US and India.
The fund will be dedicated to India, and its general partners include Samir Kumar, Parag Dhol, and Rutvik Doshi. Inventors invests in areas like consumer Internet, software-as-a-service, Internet of Things, machine learning and fintech.
Over the next 2 to 3 years, the new fund will be investing Rs 5-15 crore in about 15-16 companies. These investments are likely to include funding of new companies as well as follow-on rounds for its existing portfolio companies.
From its earlier fund, they have invested in companies like Policybazaar, Truebil, Healthifyme, PeelWorks and Power2SME. Moreover, third fund has already backed BluArmor Helmets, Little Black Book, Koinearth, Worxogo and Playshifu.
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Euler Motors Pvt. Ltd, a New Delhi-based automotive tech startup, announced that it has raised Rs 12.5 crore in its Series A round of funding led by an early-stage investor Inventus Capital Partners, according to a VCCircle report. Other investors that took part in the funding round include Jetty Ventures…
New Delhi-based electric vehicle start-up Euler Motors recently announced that it has raised ₹20 Crores through its ongoing series A funding round. The fundraiser was led by Inventus Capital along with other participants. The other investors in the fresh round of funding include Blume Ventures, Singapore-based Jetty Ventures India Investments…
Electric vehicle start-up based in New Delhi, Euler Motors has raised $2.6 Million in its ongoing funding round. The round saw participation from venture arm of Asian Development Bank and existing investor Blume Ventures. Speaking on the investment, Saurav Kumar, Founder and CEO, Euler Motors, said, “ADB Ventures’ investment in…
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