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IXP unveils Rs 200 Cr early-stage fund for lifesciences startups

EntrackrEntrackr ยท 5m ago
IXP unveils Rs 200 Cr early-stage fund for lifesciences startups
Medial

IXP, a Life Sciences VC backed by JV Ventures, has announced the launch of its first fund to invest in early-stage companies. The fund aims to build a portfolio of B2B companies ranging from pre-seed to Series A stages. The IXP Lifesciences Catalyst Fund is targeting a corpus of Rs 200 crore, with a greenshoe option of Rs 100 crore. The fund plans to create a portfolio of 20-25 companies addressing gaps in the market for both services and products. Within the Life Sciences sector, the fund will invest in innovations across areas such as pharma, biotechnology, medical technology, specialty chemicals, agrotechnology, and nutraceuticals. Through IXP Venture Studio, it will co-create companies alongside scientists to develop ideas that address unmet market needs. Unlike traditional VCs, it takes a hands-on approach, actively participating from concept to scale. The Venturepreneur Program has been designed to transform scientists into founders. According to IXP, early-stage companies require access to larger ecosystems, including laboratories, networks, and R&D services, which it provides through PoweRx, the Life Sciences vertical of JV Ventures. The VC firm leverages synergies within the group to create a winning proposition for portfolio companies. IXP (Innovation Acceleration Platform) aims to support scientists and innovators in their entrepreneurial journey by integrating them into a rich life sciences ecosystem. The VC firm emphasizes that it is built by a strong team and understands the capital-intensive nature and long gestation periods associated with R&D, helping bring innovative ideas to market.

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247VC launches Rs 200 Cr fund

EntrackrEntrackr ยท 1m ago
247VC launches Rs 200 Cr fund
Medial

Venture capital firm 247VC has rolled out its first investment fund focused on early-stage startups in India. The fund has a base size of Rs 200 crore, with the option to raise an additional Rs 50 crore. It is registered under SEBIโ€™s Category II AIF rules. 247VC is led by Yagnesh Sanghrajka and Shashank Randev, both experienced startup investors who earlier co-founded 100X.VC. They left that firm in late 2024. 247VC plans to support around 30 companies over the next three years. The typical investment amount will be about Rs 7 crore per startup, starting from Rs 3-4 crore and increasing over time based on performance. The fund will target consumer-facing businesses, enterprise software, advanced manufacturing, and deep technology. Some of the fundโ€™s early backers include JSW Venturesโ€™ Sachin Tagra, former Elevation Capital partner Vivek Mathur, and AI expert Shailendra Majmundar from Johns Hopkins University. The team aims to complete the first close of the fund within four months. Sanghrajka said that while funding at the early stage is facing headwinds, larger investors entering seed rounds has opened doors for partnerships. The firm hopes to co-invest with bigger funds as part of its strategy. In the past, the founding team has backed startups like Knight Fintech, abCoffee, EMO Energy, and Zeron.

Warmup Ventures launches Rs 300 Cr founders-backed Fund II

EntrackrEntrackr ยท 7m ago
Warmup Ventures launches Rs 300 Cr founders-backed Fund II
Medial

Warmup Ventures has launched its second fund, Warmup Fund II, a SEBI-registered Category 2 AIF, with a corpus of Rs 300 crore. The fund will focus on transformative areas such as deep-tech, climate, and sustainability and plans to invest Rs 5โ€“7 crore each in 25-30 early-stage startups across sectors, with a significant provision for follow-on rounds, Warmup Ventures said in a press release. Co-founded by Sharad Bansal, Rajendra Lora, and Yogesh Chaudhary, Warmup Ventures aims to bridge the gap between India's rich business heritage and its burgeoning innovation economy. By engaging family offices and second-generation entrepreneurs, the fund creates a unique platform that connects legacy businesses with future-forward startups. Warmup Ventures has backed over 15 startups. These include Bobabhai, scaling to more than 45 stores nationwide; Nitro Commerce, now hosting over 200 brands; Minimizes, a Li-ion battery recycling startup; RocketPay, a simplified payment collection app with over 5,000 merchants onboard; and Balwaan Krishi, which secured Rs 40 crore from JM Financial to advance agritech solutions for small and mid-size farmers. Warmup Ventures looks to go beyond funding by equipping early-stage founders with the knowledge and networks to make informed decisions and scale faster. The VC firm says that it harnesses the collaborative power of its network to create value for both portfolio startups and investors.

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

Inc42Inc42 ยท 9m 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.

Kriscore Capital announces first close of Rs 200 Cr

EntrackrEntrackr ยท 2m ago
Kriscore Capital announces first close of Rs 200 Cr
Medial

Kriscore Capital, a newly launched venture firm focusing on early-stage Indian tech startups, has announced the first close of its maiden Rs 200 crore ($23.3 million) fund, with an initial corpus of Rs 100 crore and a greenshoe option for an additional Rs 100 crore. The fund has secured Rs 50 crore in commitments from family offices and high-net-worth individuals. It plans to invest in 16-18 tech-driven startups at the pre-seed and seed stages, targeting sectors such as digital consumer services, supply chain resilience, global export potential, generative AI, and net-zero initiatives. Kriscore has already deployed its first investment in a stealth-mode startup. General Partner Nilesh Balakrishnan, formerly of WaterBridge Ventures, said the firmโ€™s commitment to providing strategic mentorship alongside capital to build globally impactful businesses. Kriscoreโ€™s advisory board includes industry leaders such as D Sundaram (Infosys), Shyam Srinivasan (ex-Federal Bank), and Manish Khetarpal (WaterBridge Ventures), further enhancing the firmโ€™s strategic capabilities.

Gemba Capital launches Rs 250 Cr Fund-II

EntrackrEntrackr ยท 11m ago
Gemba Capital launches Rs 250 Cr Fund-II
Medial

Gemba Capital, a Sebi-registered micro VC firm, has announced the launch of its second fund with a corpus of Rs 250 crore (around $30 million), including a green shoe option of Rs 50 crore ($6 million). As per Gemba, Fund-II will invest in around 30 early-stage โ€˜Platform-firstโ€™ businesses across fintech, consumer tech and B2B platforms with first cheque of Rs 5 crores and 30% reserve ratio for making follow-on investments. Founded in 2018, Gemba Capital invests at seed and pre-seed stage in scalable tech startups. It has backed over 120 founders across 50 startups in fintech, consumer tech and B2B platforms since its inception. Some of the notable portfolio companies arePlum (Insurtech), Grip Invest, Wint Wealth, Strata, Navadhan, Zuper, Showroom, Smartstaff, ClickPost and LightFury.

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