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LC Nueva Unveils INR 150 Cr Fund To Tap Into Secondary Market

Inc42Inc42 ยท 1y ago
LC Nueva Unveils INR 150 Cr Fund To Tap Into Secondary Market
Medial

- The LC Nueva Momentum Fund will prioritize investing in successful companies from its previous fund, LC Nueva Fund, as well as secondary market transactions. - Aiming to support high-growth startups, the new fund plans to invest in 10-15 companies at Series A and Series B stages. - The LC Nueva AIF's second fund, LC Nueva Momentum Fund, is being launched almost a year after the successful closure of its first fund with a total value of INR 350 Cr. - The focus of the new fund will be on identifying and backing "winners" from its previous fund and exploring investment opportunities in the secondary market. - The investments from the LC Nueva Momentum Fund will mainly target startups experiencing rapid growth in their early-stage funding rounds.

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