Strategic Ventures Fund II Sets $50 Mn Fund For Early Stage Startups

SUMMARY

SVFII will focus on startups from India and other ASEAN regions

The fund will be focusing on technology-driven startups

Startup-O is going to be SVFII’s technical advisor

Strategic Ventures Fund II (SVFII) has launched a $50 Mn growth accelerator early-stage fund for entrepreneurs and startups in the countries, which are a part of Indo-Association of Southeast Asian Nations (ASEAN).

SVFII, with the fund, aims to support early-age startup with a strong user base. The fund is expected to utilise its network of sponsors, board members and co-investors to back and boost the sales of the portfolio companies.

“SVF II reflects its GPs strong belief in entrepreneurship as a vehicle for creating new businesses, enhancing the efficiency of existing businesses and increase productivity parameters using technology as a lever,” the company said in a press release.

The early stage startup fund will be focusing on technology-driven, technology-enabled, technology differentiated companies across industries which have the potential to scale up significantly with the assistance of accelerants SVFII intends to provide.

SVFII, a private equity fund managed by Frontline Strategy, has also got Startup-O ⁠— a startup assessment and venture building platform in South East Asia region — on board as its technical advisor. The technical advisor will help startups get co-investors for subsequent investment.

The company aims to add “value though sales funnel enlargement would be a key metrics while evaluating an investment”

Atim Kabra, director of SVFII, said, “We will have value addition of algorithmic process-driven funnel to shortlist companies for evaluation through our technical advisors. Further deal curation will be done by a highly experienced, multi-skilled team with a stellar track record in early-stage investing.”

The SVFII is set up by Chairman of Satin Creditcare HP Singh, founder of Frontline Strategy Funds Atim Kabra, chairman of Aeries Technology Group V. Raman Kumar and cofounder of Aravali Investment Management Mukesh Dave.

J. Diwan, founder of Odyssey Asset Managem Atim Kabra, Director of SVFII, Vipin Aggarwal, Jyoti Prakash, Dinesh Kamath will form the core of the investment team based in India.