IvyCap Ventures, an early-stage startup capital firm, has declared that the third fund’s final closing was at Rs 2,100 crores.
The company intends to invest via this fund in roughly 25 early-stage firms, with an average initial investment of Rs 30–50 crore.
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“To our esteemed investors, that include Indian Institutional investors, Government, IIT Alumni and Family Offices, your trust and confidence in IvyCap Ventures have been instrumental in our success. Your continued support has empowered us to explore new avenues and make meaningful investments that drive innovation and transformation,” Vikram Gupta, Founder and Managing Partner, of IvyCap Ventures added in a Linkedin post.
From Fund III, we have already started investing in exciting ventures including Eggoz Nutrition, Celcius Logistics Solutions Pvt Ltd, Agraga, ZestIoT: IoT/AI powered connected operations platform, SNITCH, FlexifyMe, Beatoven.ai, and most recently, Dhruva Space. These investments not only demonstrate our commitment to fostering innovation but also our belief in the potential of emerging sectors to shape the future of the startup ecosystem, he added.
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About 50 businesses in industries including health, consumer, deeptech, fintech, edtech, agritech, and spacetech have received investments from FIvyCap Ventures.
Promising start-ups, in addition to funding, could receive invaluable advice and scale-up support within the IvyCap Ventures ecosystem under the Mentorship Program.
About IvyCap Ventures
Founded in 2011, IvyCap Ventures is one of India’s leading homegrown venture capital funds leveraging IIT and IIM alumni networks to power the Indian startup ecosystem.
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