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HomeInsightNews & UpdatePeaceful Progress launches the First Close Of INR 50 Cr Fund

Peaceful Progress launches the First Close Of INR 50 Cr Fund

Peaceful Progress, SEBI registered (AIF CAT-1) angel fund, has announced the launch of a Rs 50 crore fund for early-stage startups.

Peaceful Progress, SEBI registered (AIF CAT-1) angel fund, has announced the launch of a Rs 50 crore fund for early-stage startups.

Through its Alternative Investment Fund (AIF), it plans to invest around Rs 3 crore in each of the startups.

The Chennai-based Peaceful Progress was founded in 2022 by Chandrashekar Kupperi, Kamal Agarwal, and Sitaraman Parthasarathy, It is primarily targeting the technology and consumer sectors for investment opportunities.

Read also – [Funding alert] Logicserve raises Rs 80 Cr in funding from Florintree Advisors

The segments it is focusing on include fintech, healthtech, edtech, foodtech, consumer tech, D2C and EVS.

“We are excited with the four investments to date. To our investees, we offer support and guidance, lend expertise, and [provide] access to a wide network for growth, in addition to funds. We are thankful to our investors for their patronage [and] are roping in more to join us on our journey”, said, Chandrashekar Kupperi, General Partner, Peaceful Progress.

Following its Category-I Alternative Investment Fund (AIF) approval from the Securities and Exchange Board of India (SEBI) in february this year, it invested in edtech startup Expertrons, fintech-Kredily, EV startup-Sheru and tech entity Infilect.

Read also – [Funding alert] SaaS Platform Roadcast raises $2 mn from Jubilant Foodworks

About Peaceful Progress

Peaceful Progress is a SEBI Registered (AIF CAT-1) Angel Fund investing in Early-stage Technology-led and Consumer businesses.

They invest in visionary entrepreneurs and world-class ideas that dare to disrupt the status quo and go beyond the mundane. Some of their focus areas include FinTech, HealthTech, EdTech, and FoodTech, apart from the FMCG space and new-age disruptors. They enter early, leverage expertise and networks to achieve greatness.

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