Early-Stage Strategic Investment Fund Tomorrow Capital Earmarks Rs 200 Cr Fund For Startups
Tomorrow Capital, a Mumbai-based early-stage strategic investment fund, said it is scouting for investment opportunities and has set aside Rs Rs 200 crore that will be deployed over the next 12 months.
The Mumbai-based company said it has also led a Rs 47 crore Series A round in global education platform, Leverage EdTech Pvt Ltd, run by Leverage Edu.
With this latest investment, Tomorrow Capital has invested nearly Rs 100 crore over the last three years in five early-stage startups.
The investment in Leverage EdTech is Tomorrow Capital’s second investment in the education space, as in January 2021, it invested in online upskilling academy BeyondSkool.
Talking about the investment in Leverage EdTech, Rohini Prakash, Chief Executive Officer at Tomorrow Capital, said,
“We have been studying the space for a while now and identified higher education and co-curricular support for K-12 as areas which present an opportunity to build highly scalable brands.”
“Tomorrow Capital focuses on helping consumer startups with long-term patient capital, thought-partnership, hands-on operational support, industry networks, and access to resources to achieve an exponential growth trajectory and a high leverage for success.”
The Mumbai-based company recently exited from ZenoHealth (previously Generico), a pharmacy chain selling low-cost generic drugs, at an over 7x return in just two years.
Need legal assistance for your startup? Just contact us.