ENA Sectors 2023-04-05 17:03:26 <p><span style="font-size:14px"><strong>New Delhi, Apr 5 (KNN)</strong> Venture capital (VC) firm Speciale Invest on Wednesday announced the launch of a Rs 200 crore growth fund.</span></p> <p><span style="font-size:14px">It will deploy this new fund to invest in its portfolio startups. The new fund will have a an initial investment of Rs 100 crore.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">The fund is a SEBI-registered Category-II alternative investment fund (AIF) and has so far seen participation from high-net-worth individuals (HNIs), ultra HNIs and other family offices.</span></p> <p><span style="font-size:14px">The firm will use the capital to fund portfolio companies working in areas such as space-tech, green hydrogen, robotics, green mobility, high-potential technology start-ups, AI-led platforms, among others.</span></p> <p><span style="font-size:14px">In an interview to Inc42, Arjun Rao, general partner at Speciale Invest, said, With an initial investment of Rs 100 crore and plans to increase it further in the coming months, we look forward to partnering with promising startups and providing them with the resources and guidance they need to achieve their full potential.</span></p> <p><span style="font-size:14px">The launch of the new fund comes at a time when VC firms have restrained from investing in Indian start-ups. <em><strong>(KNN Bureau)</strong></em></span></p> 32883 https://knnindia.co.in/news/newsdetails/sectors/speciale-invest-launches-rs-200-cr-fund-to-scale-up-investments-in-portfolio-start-ups 2023-04-05 17:03:26 knnindia.co.in