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Leo Capital to launch third fund to provide financing to Indian start-ups

The proposed fund comes on the back of deploying two funds totalling $106 million

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The Indian start-up ecosystem presents a blossoming opportunity for global investors. India is set to surpass the record level of total investment it saw last year when venture funding totalled $33.8 billion.

Abhijit Lele Mumbai
Singapore-based Leo Capital is set to float its third fund with a corpus of Rs 125 million to provide early stage financing to consumption focussed technology start-ups in India. The proposed fund comes on the back of deploying two funds totalling $106 million.

Leo Capital, set up by Rajul Garg and Shwetank Verma in 2017, is focused on two investment themes. Firstly, technology based India domestic consumption startups – consumer internet, commerce, healthtech, logistics, edtech, fintech, insurtech etc. And secondly, global technology companies from India e.g., SE Asia centric companies or global SaaS companies.

Shwetank Verma, general partner at Leo said India’s