JPIN puts up $20 million funds to back Indian startups

• ByStartupStory     |    May 6, 2022

JPIN, a London-based venture capital company has recently set up an India-focused strategic fund of around $20 million with a goal to help Indian startups and SMEs to assist them to scale up their businesses globally. Thee fund gathered in the collaboration with Mastermind is  Category 1 Alternative Fund (AIF) registered in SEBI. It is an industry agnostic fund having a fund size of $13 million and $7 million as greenshoe options.

JPIN was founded on 2019 by Gaurrav Singh and Nayan Gala with a vision to back startups across all tages and focus on urning them into decacorns. It is already present in 7 countries including India, Africa, Israel, Singapore, US and Europe. The company has also claimed to deliver two unicorns in past two years along with a portfolio of more than 30 startus including Zicon, Focalsun, Blusmart, Chemi Tech and many others. The company has syndicated investment of over $170 million across portfolios. At present, it has a nexus of more than 200 investors. With this launch, the company would be more focused towards mature SME businesses of India.

Gaurav Singh, the founder of JPIN said that the company is backed by the operational intelligence and has proven records of fundraising and investment activities in the expanding markets across the globe. He further added that the company is looking forward to back the potential Unicorns and Decacorns of the future with international capital that would help them to scale globally and achieve their true potential. 

Nayan Gala, also the founder of JPIN stated that India has around 63 million SMEs that serve as the backbone the country’s socio-economic development. The sector is ready to lead the next growth storyby contribution 50% towards India’s GDP by 2024-25. In addition to it he said that the set up of these funds would be a step forward towards the founder’s vision of scaling JPIN’s reach and enabling the superhighway for startups by building cross-border investments between UK and India.

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