US-Based Entrepreneurship And Venture Capital To Launch India Focussed $50 Mn Fund - 0 views
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#1 evcventures on 07 Apr 16US-based investor Entrepreneurship and Venture Capital (EVC) is all set to launch India-focussed $50 Mn (INR 332.6 Cr.) early-stage investment fund to back enterprise software internet and mobile-focused startups.The VC firm is led by serial entrepreneur and investor Anjli Jain. Besides focusing on startups operating in the education sector, the firm will also back early-stage ventures in the internet of things (IoT), ad-tech, ecommerce, wearables, and gaming segments. It will invest between $100K to $5 Mn in startups, while its accelerator could invest between $5K to $100K in exchange for equity in the ventures.The firm is looking to register the fund under markets regulator Securities and Exchange Board's Alternative Investment Fund regulations."India has emerged as one of the most assuring entrepreneurial landscapes globally, and we have launched the fund looking at opportunities that the country's ecosystem has to offer, and the gap that we can bridge by supporting new businesses," said Anjli Jain, managing partner of EVC.The venture capital firm also operates an accelerator programme in Gurgaon that provides physical and virtual co-working space and operational mentorship to ventures.Prior to this, Jain had founded and invested in Kryptos Mobile, a cloud-based self-service mobile app development and publishing platform; LookingGlass Platform, a provider of an integrated, SaaS enterprise apps, portal and content management systems; and BlackbeltHelp, an information technology helpdesk and student services provider, among others.@INC42 http://inc42.com/flash-feed/evc-to-invest-50-mn-in-indian-startups/http://inc42.com/flash-feed/evc-to-invest-50-mn-in-indian-startups/
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