US firm Entrepreneurship & Venture Capital announces $50m India-centric fund

US-based venture capital firm Entrepreneurship & Venture Capital (EVC) today launched its $50 million India-centric fund.

The VC firm, led by serial investor and entrepreneur Anjili Jain, will focus on early stage investments in ad tech, e-commerce, gaming, education, mobile apps, enterprise software, wearables and Internet of Things (IoT), according to a release.

EVC also operates accelerators in the US and India where it provides capital and mentorship to startups and entrepreneurs. The accelerators provide co- working spaces and mentorship to entrepreneurs.

This new fund will typically invest $100,000-$5 million in each startup, while its accelerator could invest $5,000-$100,000 in exchange for equity in the ventures.

“Today, India has emerged as one of the most assuring entrepreneurial landscape. We have launched the Fund looking at the opportunities that Indian ecosystem has to offer and the gap that we can bridge by supporting new businesses that can put India on the global entrepreneurial map.” said Anjli Jain, Managing Partner, EVC.

Prior to EVC, Jain founded and invested in cloud-based, self-service mobile app development platform Kryptos Mobile, software-as-a-service (SaaS) provider LookingGlass Platform, IT helpdesk and student services provider BlackbeltHelp, among others.

Indian startups have attracted a lot of investor attention in the last one two years, with 2015 showing record levels of investment in startups. According to data released by CBInsights, venture-backed companies raised about $7.86 billion in India last year in 480 funding deals.

Recently, US-based accelerator and investor 500 Startups announced a new $25 million India-focussed fund, which will invest in early-stage companies with product-market fit and demonstrated traction.

Also Read:

Dave McClure’s 500 Startups launches $25m ‘Kulfi fund’ for India

India: Deal funding slows as VC ecosystem overheats

 

 

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.