Sponsor investor IIT Alumni Trust led the round as it chipped in $18 Mn (INR 120 Cr). Institutional investors from the first fund have also extended their commitment to the new fund.
Vikram Gupta, managing partner at IvyCap said, “We have earmarked 90% of our Fund 2 for investments in series A and B rounds. We have also set aside a corpus of INR 60 Cr for IvyCap Startup Platform.”
IvyCap Ventures focuses on investing in Healthcare, Education, Food based businesses, technology, ecommerce, and mcommerce domains. The venture firm generally invests INR 25-30 Cr ($4-5 Mn) picking up 25%-35% stake in each of its portfolio companies.
IvyCap Ventures Trust Fund 1 has invested in 10 portfolio companies: RML Information Services Private, Aujas Networks, FieldEz, Vinculum, Leixir Dental Labs, eShakti, Purplle, Sokrati, Clovia and BlueStone.
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