Orios Venture looks to invest in startups solving small towns' problems

The VC fund which typically invests around $1 million in each venture, has so far has invested in 25 companies including Zostel

Looking to address needs of the next wave of customers who will be coming from tier-II and tier-III cities, early-stage venture capital fund Orios Venture Partners is looking at retail, education, healthcare and lending as its prime focus areas. The Mumbai-based company said it is in the process of investing in at least three startups working in these areas after evaluating a pool of 17 companies.

The VC fund which typically invests around $1 million in each venture, has so far has invested in 25 companies, including backpackers' hostel start-up Zostel, online lingerie brand PrettySecrets and medicine ordering website PharmEasy.

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