Former Tiger Global Executive founded venture capital firm Rise Capital opens its first shop in India
- ByStartupStory | May 2, 2022
Anuj Mehta has been hired as Rise Capital’s India head to bring in opportunities from the region. The VC firm is looking to bet on Indian companies whose funds range from $100,000-$10 million, said Yasin. Yasin said that tech startups by 2030 would create well over $1 trillion in the market. Indian startups attract fewer investments as compared to US startups, which is hence a huge upside for the Venture Capital. India’s tech talent is enormous and astonishing which, however, isn’t being used wisely. If mobilized, then the tech talent will help the country take lead among other emerging markets.
The fund company has backed quite a several Global companies like Facily and Gaia and since its first shop has been opened in India, it has already closed deals. The VC invested in Tradex and SaveIn.
The firm had raised around $100 million in its initial funding in 2014 and is now utilizing one-third of its fund that it gathered in 2019. Although no official information has been released regarding the size of the amount, it is estimated to be around $150-$180 million.
The Rise Capital firm invests in the markets of emerging economies such as Latin America, the Middle East, etc. In 2020, Rise Capital raised around $25 million from investors in a larger round of investment for Hopscotch.
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