Falcon Edge's Latest India Fund To Back Ecommerce, Fintech, SaaS Startups
India, Feb. 17 -- US-based investment firm Falcon Edge Capital has set up a new venture capital fund of $300 Mn for India. Backed by limited partners (LPs) from the UAE, the new fund will also invest in Southeast Asia. The main areas of focus will be early-stage startups across ecommerce, fintech, SaaS sectors with a preference for B2B startups.
"The new vehicle - Alpha Wave Incubation - is in the final stages of closing the corpus and expects to make 30 deals in 12-15 months," unidentified sources were quoted as saying by TOI.
The investments from the new fund will range from $50K to $5 Mn. According to the report, it will be one of the largest pools of capital for early-stage investments. The portfolio companies from the new fund will...
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