Gullak had earlier raised $1.3 million as part of its pre-seed round led by Better Capital and some angel investors, including Vimal Kumar and Sheetal Lalwani (Co-founders at JusPay)
The fund plans to lead investments in pre-seed and seed rounds with an aim to support 30 ventures over the next two years.
After the seed fund round, We360.ai said it has become the first startup from a Tier-2 Indian city to raise venture capital.
Reevoy helps importers source products from Indian exporters and provides working capital to finance the transactions
Infosys co-founder Nandan Nilekani has invested an undisclosed amount in Bengaluru-based eye care chain Drishti