The investment is being made out of Next Orbit Ventures’s second fund, which is currently raising $750 million. The firm launched its second fund in November to invest mainly in firms that make semiconductor chips, and solar and LED components.
By Ishita Russell
Actofit is a wearable tech and fitness startup with a developed wearable wrist wear and a complete software algorithm platform. It offers a fitness band that automatically tracks complete workouts identifying exercises, counting reps, measuring heart rate, among other features.
Mumbai-based venture capital fund Next Orbit Ventures has launched its second fund called ‘$750 Mn dollar Fund II’ to invest in startups in the electronic system and design manufacturing (ESDM) space including semiconductor chips, solar and LED components. The $750 million fund will be used to invest in semiconductor fab,… Read more »