IvyCap Ventures, an early stage startup raised Rs 1,600 crore for record third fund
- ByStartupStory | February 25, 2022
IvyCap Ventures is a venture capital fund driven by an entrepreneur-centric investment approach. It was founded by Vikram Gupta in 2011. The company has created a mentoring model through IIT Alumni mentors. Today it has around 65 core mentors with an additional 5,000 alumni in its global ecosystem. The mentor trust receives a payout With every exit.
With its third fund round the venture will focus on areas like SaaS, Edtech, health tech, consumer-tech, fintech and deep tech. The fund will utilize an average of Rs 30-40 crore in 20-30 new Series A companies. Furthermore, the fund will reserve around 20 % of the corpus for co-investing in its existing portfolio from Fund 2.
Some of the companies in the portfolio are Purplle, Biryani by Kilo, Convosight, Miko, Elucidate, ftcash , Clovia, BlueStone and others. The recent exits include Purplle, Leixir and Pharmarack. Recent investments have been made from Fund 3n in Miko and Biryani By Kilo.
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