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Elevation Capital says fintech companies building tailored products are finding takers

Economic TimesEconomic Times · 1y ago
Elevation Capital says fintech companies building tailored products are finding takers
Medial

Despite the challenges posed by regulatory actions and the need to navigate through complex partnerships with traditional banks, fintech firms can use these obstacles as an opportunity to build scalable platforms in the long term, according to senior partners at Elevation Capital. Although regulatory clarity might increase governance costs and prolong the process, it provides a runway for fintech startups to expand their operations. The partners also highlighted the emergence of niche-focused fintech companies that offer tailored financial products and services to specific user segments, with the potential for significant growth and dominance in their respective markets. Examples such as Skydo and Jodo were cited as successful examples within Elevation Capital's portfolio.

IIFL Fintech floats Rs 500 Cr Fund II

EntrackrEntrackr · 15d ago
IIFL Fintech floats Rs 500 Cr Fund II
Medial

IIFL Group backed IIFL Fintech Fund has announced the final close of its second fund after raising Rs 500 crore from domestic family offices and high net worth individuals. The Series II fund targets early to growth stage fintech startups, with a focus on companies using generative artificial intelligence to build financial services products. The fund plans to invest in 20 to 25 startups across lending, payments, compliance, wealthtech, insurtech, and embedded finance. Around 20 to 25 percent of the second fund will be allocated for follow on investments in top performing companies from its first fund. IIFL Fintech had announced the first close of its second fund at Rs 200 crore in January 2025 and has already backed five startups through this. These include companies such as education focused fintech GrayQuest, voice AI startup Fundamento, banking infrastructure startup Knight Fintech, and a secondary share purchase in document infrastructure firm Leegality, among others. According to IIFL Fintech, it actively partners with fintech founders to help them validate, deploy, and scale their solutions within a large financial services ecosystem. The fund closed its first fund in 2022 after raising Rs 200 crore. IIFL Fintech Fund was set up in 2021 with the aim of investing in early stage fintechs that the IIFL Group could collaborate with. Over the last four years, the IIFL Fintech Fund has invested across multiple fintech segments. Its portfolio includes Leegality, FinBox, DataSutram, Finarkein Analytics, Finvu, Trendlyne, Insurance Samadhan, Xtracap Finance, Castler, Vitra.ai, EasyRewardz, Multipl, Riskcovry, and TrustCheckr, which was sold to Truecaller.

Colossa WomenFirst Fund raises Rs 100 Cr in first close

EntrackrEntrackr · 1y ago
Colossa WomenFirst Fund raises Rs 100 Cr in first close
Medial

Colossa Ventures, a SEBI-registered independent venture capital management company, has announced the first close of its maiden fund – Colossa WomenFirst Fund at Rs 100 crore. The fund with a target corpus of Rs 500 crore will primarily focus on investing in the pre-Series A stage and beyond. Based on research Colossa aims to create a niche in healthcare & healthtech, fintech, climate & cleantech, deeptech and the consumer sectors. The fund’s strategy is to leverage gender-diversity to generate alpha, and has attracted institutions such as SIDBI and family offices like Dr. Ranjan Pai’s Family Office, and the Shriram Ownership Trust, among others to invest in the first close. Co-founded in 2022 by Ashu Suyansh and Vandana Rajadhyaksha, Colossa WomenFirst Fund is a sector-agnostic venture growth fund, that seeks to revolutionize the startup landscape by focusing exclusively on women-founded or co-founded, or where women are the main beneficiaries. A bunch of women-focused funds are currently active in India. For context, Kalaari Capital runs CXXO initiative for female founders. Gender-focused investment platform Achieving Women Equity (AWE) Funds also launched its maiden India fund amounting to Rs 350 crore. Search giant Google runs a program called Google for Startups Women Founders Fund and provides $100,000 in equity-free cash to female-founded startups. Saha Fund, She Capital, and StrongHer Ventures also focus on women founder-led startups.

Hungry for more: Food deals trending on startup street

Economic TimesEconomic Times · 1y ago
Hungry for more: Food deals trending on startup street
Medial

Early-stage venture funds and angel investors are increasingly investing in new-age food brands, particularly in the café and quick-service restaurant segments. There is a growing interest in niche food brands, with a focus on regional and single-city labels. Some notable investments include South Asia and India-focused venture fund Beenext investing in FirstCoffee, specialty coffee chain AbCoffee attracting new funding, and Udaan co-founder Sujeet Kumar investing in Café Amudham. Other brands like Biggies Burger and Curefoods are also in the process of raising funds to expand their businesses. There is a strong demand for food and beverage companies, and investors are actively seeking opportunities in the sector.

Startups Rising Capital Demands How Fintech Lending Fuels Growth

Business BytesBusiness Bytes · 2y ago
Startups Rising Capital Demands How Fintech Lending Fuels Growth
Medial

The increasing capital demands of startups are being met by fintech lending and digital loan solutions. Startups require funding to scale their operations, enter new markets, and develop innovative products or services. Fintech lending platforms offer streamlined access to loans, bypassing traditional lending processes. Examples such as Paycorp.io demonstrate the transformative power of fintech lending in supporting startups. Additionally, government initiatives like the Small Business Administration (SBA) provide targeted loan programs with favorable terms. The accessibility of capital through fintech and government-backed programs is crucial for driving innovation and empowering the next generation of startups.

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