You are here: Home » PTI Stories » National » News
Business Standard

Windrose Capital to invest over Rs 200 cr in startups

Topics
Business Finance

Press Trust of India  |  New Delhi 

Venture capital firm Windrose Capital on Monday said it plans to invest over Rs 200 crore in startups in India over next two years.

The company announced initial closing of 'The Next Billion Fund' which will invest up to USD 30 million (approximately Rs 214 crore) in early stage high growth startups across the country.

Windrose Capital has already made investments in multiple startups from financial services, healthcare logistics, and AI-based data insights space.

"The firm is in advance talks with over a dozen more companies from different sectors and will be looking to complete several more investments before the end of this quarter," Windrose said in a statement.

Windrose Capital Managing Partner Rohit Goyal said the fund is expected to be exhausted within two years.

"We exist to serve this opportunity by enabling potential Indian unicorns to arrive on the global stage," Goyal said.

The company has made investment in mass market mutual fund distributor Nivesh.com for the underserved population of Tier-2 and 3 cities, healthcare logistics firm, data services firm Paper VC.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, November 11 2019. 19:15 IST
RECOMMENDED FOR YOU