Salone Sehgal, Lumikai's founding general partner, will continue to lead the early-stage gaming and interactive media firm's efforts in the future.
The VC firm was to close Orios Fund III by December 2023 with a target size of $120-150 million but fell short. The deadline was moved to June and then to December 2024, which has again been extended.
Co-founded by seasoned investors Rajeev Suri and Anup Jain, the fund aims to invest in early-stage startups across climate, fintech, and B2C sectors
Within the SaaS ecosystem, Pentathlon Ventures plans to support solutions across Enterprise Digital Transformation, E-commerce Enablement, Fintech, Vertical SaaS, Applied AI, Sustainable Tech, and HealthTech.
In a statement, the VC firm said its maiden fund will invest in cleantech, fintech, deeptech, agritech, proptech, SaaS, digital media, direct to consumer, spacetech, defence, and logistics and supply chain.
The fund invests in pre-series A to Series B companies with investments in the range of Rs 10-20 crore and its portfolio includes startups such as Smallcase, Krazybee, Jar, Smart staff, Jai Kisan and Signzy.
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The fund will invest in startups that can solve a specific problem for a large company in retail and BFSI. The company is also looking at widening its reach onto other sectors such as healthcare and education.
Infosys has signed a definitive agreement to a Limited Partner investment of Rs 31.6 crore from its Innovation Fund in Stellaris Venture Partners, the company said in a statement.
Shivraj Singh Chouhan, who was in the city on a road show for the upcoming 'Global Investors Summit-2016', also said the state has now become power surplus and would support investors with "customised packages".
Qualcomm today said it has already invested USD 23 million (about Rs 150 crore) in five companies from the USD 150 million venture fund, which the electronics chip major had announced for India last September.
The venture fund will invest in early-stage product innovation startups, seed funding of up to Rs 3 crore and subsequent co-investment at series A stage of up to Rs 5 crore, a statement said.
The venture fund will invest in early-stage product innovation startups, seed funding of up to Rs 3 crore and subsequent co-investment at series A stage of up to Rs 5 crore, a statement said.
As the demand trends for the IT industry looks strong, the company believes it can beat NASSCOM guidance for FY14.