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The licensed and registered angel fund together with its first closure additionally introduced its three new startup investments.
Hyderabad-headquartered SucSEED Indovation, the SEBI (Securities and Exchange Board of India) registered various funding and enterprise capital angel fund, introduced the primary closure of its maiden Rs 100 crore fund by raising Rs 40 crore, and its three new startup investments which comprise of Stargate, Auris and Freestand. Through this fund, SucSEED goals to assist 50 plus startups until they turn into massive enterprises over their three-stage funding thesis.
Vikrant Varshney, the co-founder of SucSEED, tweeted saying that the second closing is focused for February-March 2021, with a concentrate on company ventures, monetary establishments, institutional entities, fund of funds and household workplaces.
Second closing is focused for Feb-March 2021, with a concentrate on Corporate Ventures, Financial Institution, Institutional Entities, #FundofFunds and #Familyoffices to affix #IndovationFund for discovery & progress of early stage section. @SucSEED_IN
— Vikrant Varshney (@Vikrant_risk) December 21, 2020
Stargate is a direct-to-retail (D2R) cross-border platform for life-style merchandise. While AI-powered insights platform Auris curates insights in actual-time to seize and analyse knowledge, Freestand, a advertising tech platform, allows FMCG (Fast-Moving Consumer Goods) manufacturers to ship bodily product samples to digitally focused prospects.
SucSEED Indovation Fund acquired a license as an angel fund from market regulator SEBI in August 2020.
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