Small VCs making a beeline for start-ups: Report PTI Mumbai | Updated on Infused $341 million into domestic start-up ecosystem over past three years Investments into the start-up ecosystem by micro venture capital funds, investments under $30 million, have jumped manifold to $341 million in the past three years, says an industry report. In the past decade, micro VCs have emerged as promising players in the domestic start-up investor landscape, providing the much-needed risk capital as well as hands-on mentorship to their portfolio companies as they seek to achieve product market fit and become ready to scale with stable business models. The number of micro VCs rose to 88 funds in 2020 from just 29 in 2014. The increase in the number is driven by the booming start-up ecosystem, says a joint report by the Indian Private Equity and Venture Capital Association (IVCA) and Amazon Web Services (AWS), along with Praxis Global Alliance.