Peaceful Progress Announces First Close Of INR 50 Cr Fund For Early-Stage Startups

Peaceful Progress Announces First Close Of INR 50 Cr Fund For Early-Stage Startups

SUMMARY

The fund will invest up to INR 3 Cr per startup, primarily in segments such as fintech, healthTech, edtech, foodtech, consumertech, D2C and EVs

Peaceful Progress will look to fund 15-20 early-stage startups in the next three to four years

The fund raised the initial corpus from more than 15 angel investors and HNIs from across verticals

Angel investment fund Peaceful Progress has announced the first close of its INR 50 Cr corpus for early-stage startups.

The fund raised the initial corpus from more than 15 angel investors and high-net-worth individuals (HNIs) from verticals such as information technology, financial services, hospitality, among others. The fund underlined its plans to invest up to INR 3 Cr per startup.

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