Delhi-based early-stage venture capital (VC) firm, Venture Highway, on Thursday announced that it has raised an amount of $78.6mn for its second fund. The second fund will be purely focused on seed investments in Indian technological start-ups. The VC firm raised this money from a group of Silicon-Valley based tech leaders.
Venture Highway was founded by former Google executive Samir Sood in 2015 and has investments from Neeraj Arora, the former global business head at WhatsApp. Arora is an adviser and founding anchor limited partner for the VC firm. So far, the firm has invested in more than two dozen start-ups like ShareChat, Meesho, and OkCredit.
“A large part of the fresh raise will be used for new investments in about 30 early-stage tech companies over the life of this fund,” said Sood.
He further added, “We are extremely passionate about helping advise technology entrepreneurs build their businesses with our local and global networks. Our goal is to give back to our country’s early-stage ecosystem and we continue to be extremely excited about the quality of the current generation of entrepreneurs building large businesses out of India.”
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