500 Startups may revive plan to raise India fund this year

Silicon Valley-based start-up fund and incubator 500 Startups, which has invested in over a dozen early-stage Indian start-ups over the past four years, may revisit its plans to set up a separate India-focused fund later this year and is not putting its India investment strategy on hold, a top company executive said.

In January, 500 Startups had said that it was putting its plan to raise a $25-million India-focused fund on hold due to regulatory and tax issues. However, the seed-stage investor is not pulling out of India and has continued to make investments in Indian start-ups through its global fund, said Shalini Prakash, who leads investments and strategy for 500 Startups in India.

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