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NuVentures launches $75 Mn fund to support Indian founders

Entrackr · 29d

NuVentures, a venture capital firm founded by investor Venk Krishnan in 2015, has introduced a new $75 million fund. Based in the US, the firm aims to invest in startups with strong connections to India. Krishnan has been actively involved in India's startup ecosystem since 2002, starting with his investment in NetKraft. Over the years, he has backed more than 47 companies, including Mu Sigma, BigBasket, Acko, HomeLane, Third Wave Coffee, Geist Beer, Lucidity, and Foxtale. Previously, Krishnan primarily operated as an angel investor, selecting startups based on the founders’ passion. Now, NuVentures has evolved into a structured investment firm that provides more than just capital to startups. The fund plans to invest in four to five startups annually, with investments ranging from $250,000 to $750,000. It has already secured commitments from high-net-worth individuals (HNIs) and a Fund of Funds in the US. NuVentures has already made investments in four startups, including one founded by Carnegie Mellon University alumni. Through this fund, Krishnan seeks to empower promising entrepreneurs and support their business growth.