With many startups scripting enviable success stories riding on their innovative and scalable ideas, several local venture capital funds and investors have also come up to fund startups and become a part of their success stories. These venture funds from tier-I and tier-II cities are also driving the next wave of entrepreneurship in and outside Gujarat.
For instance, Ahmedabad-based startup accelerator DevX has infused Rs 3 crore in some eleven startups in the last few years. It has launched a venture fund, which invests in early-stage tech-enabled B2B startups.
Another city-based seed-stage venture fund, Amara Ventures, has invested in more than a dozen startups in less than a year. Its investment in a startup ranges from Rs 5 lakh to Rs 25 lakh. Disruptworkz Infolabs Private Limited, a recently founded startup for startups, has also created its own corpus of Rs 15 crore to fund startups incubated with them for mentorship and consultancy services.
IIM-A appoints Sophia Christina as GM-Communications
adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.
IIM Ahmedabad Batch Profile 2021-22: Check 5 Key Trends that underline IIMA s Diversity Focus
mbauniverse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mbauniverse.com Daily Mail and Mail on Sunday newspapers.
IIMA Welcomes the 58th class of PGP and 22nd Class of PGP-FABM
indiaeducationdiary.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiaeducationdiary.in Daily Mail and Mail on Sunday newspapers.