India, May 15 -- Former X India head Manish Maheshwari's venture capital (VC) firm, BAT VC, has announced its India foray with the launch of a $100 Mn fund to back early stage ventures in the country.

In a statement, the VC firm said that its Fund II will focus on startups operating both in India and the US across sectors such as AI, fintech and SaaS.

The fund is cofounded and led by social media platform X's former India head Manish Maheshwari, ex-Yahoo executive Aditya Mishra (also MD) and former Finastra CTO Ravi Metta (US head). While the trio serve as general partners at BAT VC, Maheshwari will lead the VC firm's regional expansion in the country.

The US-based investment firm claims that the Fund II has already attracted interest ...