• 1800 120 77 88 99

FundVice will support startups in India with a corpus of ₹330 crore

Saransh Pandey

Intern
  • March 02, 2021
Share with
    Various incubators, accelerators, and mentors have been supporting the team of FundVice to support start-ups to reach the heights they are at, but still lack investors.

Investment banking firm FundVice has announced that it will support startups in India with a corpus of ₹330 crore, which includes funding from its new fund Ryoma Ventures. The company has plans to raise up to ₹250 crores and accelerate at least 50 deals by 2021-end. 

In addition, Fundvice has announced to set-up a sector-agnostic fund with about ₹80 crores. Heena Aroora, Managing Director - FundVice and Ryoma Ventures, said in a statement that they have seen exciting start-ups that are revenue-generating but what they lack is the right support of investors.  

Various incubators, accelerators, and mentors have been supporting the team of FundVice to support start-ups to reach the heights they are at, but still lack investors. To support these startups it made the decision to start this fund, with the support of everyone, as the next step towards making a dent in the start-up ecosystem. 

The company said it plans to close this fund soon with its present investors and is also looking at collaborations with other investors and funds. FundVice is also planning to mop up over ₹150 crores for startups that are yet to raise funds and are at a very initial stage, and ₹100 crores for those entities that have established their business process and have raised funds earlier. 

According to Heena Aroora, Managing Director - FundVice ₹100 crores will be inclined towards pre-series A and above stage funding. 

Want to subscribe our Newsletter?