Udaan and Vedantu backer GGV Capital raises $2.5 billion across four latest funds – Business News , Firstpost

The four funds are Fund VIII (for many investments), Fund VIII Plus, Discovery III (for early-stage startups) and Entrepreneurs VIII.

GGV Capital additionally closed $366 million for a possibility fund to double down on breakout acquisitions.

Venture agency GGV Capital has raised $2.52 billion (about Rs 18,418.7 crore) in new capital by way of four new funds. The firm’s eighth flagship fund, which has $1.5 billion to plug in startups in any respect ranges, will make investments a lot of the capital. The funds are named Fund VIII, Fund VIII Plus, Discovery III and Entrepreneurs VIII, it introduced through TechCrunch.

It additionally closed on $366 million for a possibility fund to double down on breakout acquisitions (GGV Capital VIII Plus); $80 million for a fund that encourages the entrepreneurs in its community to take a position alongside GGV; and a $610 million discovery fund that seeks to fund founders world wide on the earliest stage of the expansion of their startups.

GGV is sort of 20 years outdated and has invested within the United States, China, India, Southeast Asia, Israel, Canada, Europe and Latin America. It has invested in 5 firms in India that are Khatabook (a digital ledger), Rupeek (a monetary companies firm), Turtlemint (an internet insurance coverage platform), Udaan (A enterprise-to-enterprise commerce platform) and Vedantu (an internet tutoring platform). It has additionally invested within the likes of Alibaba, Tiktok and extra.

Find latest and upcoming tech devices on-line on Tech2 Gadgets. Get know-how information, devices critiques & rankings. Popular devices together with laptop computer, pill and cell specs, options, costs, comparability.

Source hyperlink

What do you think?

Written by Business Boy


Leave a Reply

Your email address will not be published. Required fields are marked *



Virgin Galactic shares pop as company plans to redo spaceflight test as early as Feb. 13

Union Budget 2021: Women and Child Development Ministry’s budget hiked by 16% to Rs 24,435 crore – India News , Firstpost