The GIFT City Fund by We Founder Circle has triumphantly raised $10 million, attracting more than 250 investors. This fund is dedicated to enabling startup investors to participate globally, eliminating geographical limitations. The WFC Global Angels Fund aims to secure investments ranging from $50,000 to $1.5 million per funding round. Gaurav VK Singhvi, Co-founder of We Founder Circle, expressed the objective to onboard over 300 investors and gather contributions surpassing $15 million by March 2024. Singhvi emphasized that the success of the GIFT City Fund is gauged by consistent reinvestment from syndicates and investors, coupled with the achievements of the supported startups.

The total fund size, inclusive of the Green Shoe option, is $60 million, comprising $30 million as the base fund and an additional $30 million under the Green Shoe option. Within this scope, WFC's GIFT City Fund has effectively secured $10 million. This fund has already made investments in six startups across various sectors like artificial intelligence, space technology software, gamification, and healthcare.

Singhvi emphasized their dedication to providing investors with diverse opportunities while ensuring compliance with regulatory standards, including AIF Regulations. The GIFT City Fund aims to finalize more than 10 deals by the end of the fiscal year. Although the IFSCA sets an upper limit of $1.5 million per funding round, the Fund has established a minimum deal size of $50,000 to streamline operations and ensure financial sustainability.