500 Startups has launched a $25 million fund which will be focused on India, Bangladesh and Sri Lanka
Global venture capital seed fund and startup accelerator , 500 Startups has launched a $25 million fund which will be focused on India, Bangladesh and Sri Lanka.
Named as ‘Kulfi 500’, the new fund is expected to make about 25 to 50 deals per year, focusing majorly on fledgling companies with market-fit products and demonstrated traction.
The Silicon Valley based investment firm, one of the most active investor in Asia which writes small cheques of a few hundred thousand dollars stated that India is currently the fastest growing economy. Also with the median age in India being 27.3 years old and increasing smart phone penetration gives a great opportunity to invest in India for future growth.
500 Startups provides early-stage companies with up to $250,000 in funding, a startup accelerator program, and conducts events like SmashSummit, UnSexy, and GeeksOnaPlane. It has startup mentors around the world, and a community of startup founders, assisting new ventures under the program.
500 Startups has already invested in over 50 startups in India. ZipDial, SourceEasy, Instamojo, CultureAlley, SilverPush, KartRocket, and Headout are few of the many start-ups that have received funding. 500 Startups has a $200 million corpus and has investments in more than 1,500 companies across 50 countries. In last year alone it funded over 20 start-ups in India.
“Although we are sector-agnostic, we will take a closer look at financial technology, edutech, health and wellness, data analytics, content, SaaS (software-as-a-service) and small and medium businesses," Pankaj Jain, partner at 500 Startups and runs the 500 Kulfi fund, wrote in a blog post on the company's website.
Besides, 500 startups has also announced the launch of two new funds, including a $25 million fintech fund and a $25 million vehicle focused on India. 500 FinTech led by Sheel Mohnot, an investor and entrepreneur who joined 500 Startups after Labor Day, will look at lending, insurance, alternative investing platform and bitcoin.
Named as ‘Kulfi 500’, the new fund is expected to make about 25 to 50 deals per year, focusing majorly on fledgling companies with market-fit products and demonstrated traction.
The Silicon Valley based investment firm, one of the most active investor in Asia which writes small cheques of a few hundred thousand dollars stated that India is currently the fastest growing economy. Also with the median age in India being 27.3 years old and increasing smart phone penetration gives a great opportunity to invest in India for future growth.
500 Startups provides early-stage companies with up to $250,000 in funding, a startup accelerator program, and conducts events like SmashSummit, UnSexy, and GeeksOnaPlane. It has startup mentors around the world, and a community of startup founders, assisting new ventures under the program.
500 Startups has already invested in over 50 startups in India. ZipDial, SourceEasy, Instamojo, CultureAlley, SilverPush, KartRocket, and Headout are few of the many start-ups that have received funding. 500 Startups has a $200 million corpus and has investments in more than 1,500 companies across 50 countries. In last year alone it funded over 20 start-ups in India.
“Although we are sector-agnostic, we will take a closer look at financial technology, edutech, health and wellness, data analytics, content, SaaS (software-as-a-service) and small and medium businesses," Pankaj Jain, partner at 500 Startups and runs the 500 Kulfi fund, wrote in a blog post on the company's website.
Besides, 500 startups has also announced the launch of two new funds, including a $25 million fintech fund and a $25 million vehicle focused on India. 500 FinTech led by Sheel Mohnot, an investor and entrepreneur who joined 500 Startups after Labor Day, will look at lending, insurance, alternative investing platform and bitcoin.
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