Flipkart co-founder Binny Bansal plans e-commerce startup: Report
Flipkart co-founder Binny Bansal is reportedly planning a new startup in the burgeoning e-commerce space in India. According to Money…
Pune-based venture capital firm Windrose Capital on Wednesday the company has marked its initial close of the debt fund—’The Next Billion Fund’ which will invest up to $30 million (around Rs 213 crore) in early-stage high growth start-ups across India.
The debt fund will also consider reinvesting in the startups in Pre-Series A and Series A rounds. So far, the company has already invested in several startups including—financial services by Nivesh.com, healthcare logistics by Biddano, and the AI-based data insights from Precily. The firm is in advanced talks with over a dozen more companies from different sectors and will be looking to complete several more investments before the end of this quarter.
As an entrepreneur-led Fund, the company works closely with start-up founders to enable them in their journey and help them stay focused on their mission.
Advertisement
Managing Partner of Windrose Capital, Rohit Goyal said, “an investment from us is about more than just capital. We bring to businesses our operational expertise, a focused group of hands-on entrepreneurial advisors, and a supportive community. Windrose capital will allow you to focus on what you do best: go ahead and create value.”
Advertisement
