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Cornerstone Ventures launches second fund with $200 million corpus

Economic Times · 1y

Venture capital firm Cornerstone Ventures has launched its second fund with a target size of $200m. The fund, which has a 12-year lifecycle, will invest in B2B enterprise technology startups, offering funding of between $5m and $15m. Cornerstone plans to invest in 15-20 startups across sectors including financial services, retail, ecommerce, and healthcare. The firm's first fund generated over 4x growth in cumulative revenue across its portfolio in four years of investing. The new fund is backed by the Indian government's Fund of Funds and Small Industries Development Bank of India.