Kriscore Capital's Maiden Fund Declared First Close of Rs 50 Crore
•Kriscore Capital has announced the first close of its maiden Rs 100 crore fund
•The fund aims to invest in 16-18 technology-enabled startups at pre-seed
•Focusing on digital consumer, supply chain opportunities, Gen AI-driven services
Kriscore Capital on Thursday declared the first close of its maiden Rs 100 crore fund following an initial commitment of Rs 50 crore from family offices and high net worth individuals. The Rs 100 crore greenshoe backed fund will aim to invest in 16-18 technology-enabled startups at pre-seed and seed stages. Though sector neutral, the fund will seek to invest in firms constructing in prominent trend spaces within the nation, including digital consumer, China+1 supply chain opportunity, global experts, Gen AI-driven services, and climate tech firms.
The VC firm already has made its inaugural investment in a stealth-mode company but refused to provide additional details. Kriscore Capital was initiated by ex-Water Bridge Ventures executive Nilesh Balakrishnan and former chairman and India CEO of Lazard, K Bala. Also Read Google Launches Futures Fund to Back AI Startups "India's startup ecosystem is booming, and Indian founders are creating generational global businesses."
Other than technical proficiency and team capacity, sustaining entrepreneurship requires an ecosystem of support in terms of financial acumen, capital resources, compliance guidance, and strategic global reach to create outstanding businesses.
We invest more than money we invest our time, experience, and passion to assist founders in creating something really revolutionary." stated Balakrishnan, General Partner at Kriscore Capital.
The news is so as various VC firms are currently raising new India-dedicated funds after they finished their earlier fund rounds. For instance, Accel in January revealed its $650 million fund. Other companies such as Peak XV and Lightspeed Venture Partners have been said to be raising more funds. Also, after witnessing subdued deal flow at the initial stages during last year, this space is generating increased interest from VCs as second-time founders and an emerging ecosystem offer promising investment opportunities.
•The fund aims to invest in 16-18 technology-enabled startups at pre-seed
•Focusing on digital consumer, supply chain opportunities, Gen AI-driven services
Kriscore Capital on Thursday declared the first close of its maiden Rs 100 crore fund following an initial commitment of Rs 50 crore from family offices and high net worth individuals. The Rs 100 crore greenshoe backed fund will aim to invest in 16-18 technology-enabled startups at pre-seed and seed stages. Though sector neutral, the fund will seek to invest in firms constructing in prominent trend spaces within the nation, including digital consumer, China+1 supply chain opportunity, global experts, Gen AI-driven services, and climate tech firms.
The VC firm already has made its inaugural investment in a stealth-mode company but refused to provide additional details. Kriscore Capital was initiated by ex-Water Bridge Ventures executive Nilesh Balakrishnan and former chairman and India CEO of Lazard, K Bala. Also Read Google Launches Futures Fund to Back AI Startups "India's startup ecosystem is booming, and Indian founders are creating generational global businesses."
Other than technical proficiency and team capacity, sustaining entrepreneurship requires an ecosystem of support in terms of financial acumen, capital resources, compliance guidance, and strategic global reach to create outstanding businesses.
We invest more than money we invest our time, experience, and passion to assist founders in creating something really revolutionary." stated Balakrishnan, General Partner at Kriscore Capital.
The news is so as various VC firms are currently raising new India-dedicated funds after they finished their earlier fund rounds. For instance, Accel in January revealed its $650 million fund. Other companies such as Peak XV and Lightspeed Venture Partners have been said to be raising more funds. Also, after witnessing subdued deal flow at the initial stages during last year, this space is generating increased interest from VCs as second-time founders and an emerging ecosystem offer promising investment opportunities.
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