Windrose Capital to invest over Rs 200 Cr in Indian startups

Share on facebook
Share on google
Share on twitter
Share on linkedin
Time to Read: 2 minutes

Windrose Capital announced the initial closing of 'The Next Billion Fund' which will invest up to $30 million (approximately Rs 214 crore) in early stage high growth startups across the country.

Venture capital firm Windrose Capital on Monday said it plans to invest over Rs 200 crore in startups in India over the next two years.

The company announced the initial closing of ‘The Next Billion Fund‘, which will invest up to $30 million (approximately Rs 214 crore) in early stage high growth startups across the country.

Windrose Capital has already made investments in multiple startups from financial services, healthcare logistics, and AI-based data insights space.

"The firm is in advanced talks with over a dozen more companies from different sectors and will be looking to complete several more investments before the end of this quarter," Windrose said in a statement.

Windrose Capital Managing Partner Rohit Goyal said the fund is expected to be exhausted within two years.

“We exist to serve this opportunity by enabling potential Indian unicorns to arrive on the global stage,” Goyal said.

The company has made investment in mass market mutual fund distributor Nivesh.com for the underserved population of Tier-II and III cities, healthcare logistics firm Biddano, and data services firm Paper VC.

As an entrepreneur-led fund, Windrose Capital claims to have a ‘Founder First’ approach towards investments, which is instrumental for working closely with startup founders to enable them in their journey and help them stay focused on their mission.

Related Article  Accel India announces $550M sixth fund to deepen its India commitment

Goyal added, “An investment from us is about more than just capital. We bring to businesses our operational expertise, a focused group of hands-on entrepreneurial advisors, and a supportive community. Windrose capital will allow you to focus on what you do best: go ahead and create value.”

Venture capital firm 100X.VC is also planning to invest over Rs 200 crore in startups in India by the end of next year. The VC firm has rolled out a corporate venture capital (CVC) programme for India to partner with local corporations that have corpus to invest in startups.

(Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.xtechalpha.com.)

Leave a Reply

SUBSCRIBE FOR XTECHALPHA NEWS AND RECEIVE WEEKLY UPDATES

Xtechalpha Xclusive

RSS Latest Technology News

  • Google Postpones Android 11 Launch Event, Beta Release May 30, 2020
    Google is delaying the launch event and beta release for its Android 11 operating system, which had originally been planned for next week. “Now is not the time to celebrate,” the Alphabet Inc.-owned company said in a notice published on its Android ...
  • Samsung Galaxy M11, Galaxy M01 Set to Launch in India on June 2, Flipkart Reveals May 30, 2020
    Samsung Galaxy M11 and Galaxy M01 are set to launch in India on June 2, Flipkart revealed through a couple of teasers. The e-commerce site also confirms that both new Samsung phones will be available for purchase shortly after the official launch.
    Jagmeet Singh
  • Top alternative Nintendo Switch controllers you can snag from Amazon.sg May 30, 2020
    So you've been at it with your shiny new Nintendo Switch for the past few months or weeks. Sure, it has been pretty great with the unique ability to switch between docked and undocked modes within seconds. However, sometimes, it's a little too much of a ...
    Marion Frayna

Follow Us

Windrose Capital to invest over Rs 200 Cr in Indian startups

by Minakshi Das Time to Read: 1 min
0
AI Tool to Reshape Treatment by Predicting Cell Behaviors
Get to know the latest updates on exponential technologies, new age industry segments with our weekly XTechalpha Xclusive newsletter straight in your mailbox.