"The organisation aims to build and support technology ventures... EVC is likely to invest between USD 100,000 to USD 5,000,000 from its fund EVC II in exchange for equity in growth-stage companies that fit its investment criteria," EVC said in a statement.
The fund has a strong network of investors and mentors with expertise across a broad range of sectors, it added.
EVC focuses exclusively on early stage investments in ad tech, eCommerce, gaming, education, mobile apps, enterprise software, wearables and Internet of Thinks (IoT).
"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 at EVC.
EVC has accelerators in India that provide physical and virtual co-work (office) spaces to entrepreneurs. In addition, it also provides financial, strategic, technical and operational mentorship to founders.