India's tech start-ups to get $100-million boost with new Stellaris fund

Stellaris has made two series A investments already, reports Tech in Asia

Early-stage venture fund Stellaris Venture Partners has completed the first close of its $100 million maiden fund, it announced today. Contributions to the tech-focused firm’s Fund I come from corporates like Infosys, entrepreneurs, financial institutions, and family offices in the US, Europe, and Asia.

The fund – run by former Helion Venture Partners executives Ritesh Banglani, Alok Goyal and Rahul Chowdhri – will focus mostly on series A stage investments to tech business solving India-specific problems. Focus areas include local language online services, technology-led financial inclusion, supply chain networks, machine-learning applications, and global software-as-a-service (SaaS) businesses.

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