VC Firm Blinc To Invest INR 100 Crores In Six Startups
Blinc Invest, a Venture capital firm, expects to operationalise a Rs 100-crore Sebi-approved fund, which it plans to invest in six startups in the next two to three years.
The VC firm’s founder and Managing Director Amit Ratanpal said that the firm has approached Sebi for the approval of the fund and raised Rs 30 crore in funding.
“We have closed raising of Rs 30 crore and expect to operationalise the entire Rs 100 crore in next six to seven months. We will focus on investing in financial and education technology companies.”
Blinc Invest is an India based venture capital fund committed to funding EdTech and Fintech startups focused on building a better tomorrow.
The VC firm will invest Rs 100 crore in startups that have revenue of at least Rs 1-2 crore, and its product is operational. As per the founder, Blinc 2 has already committed Rs 30 crore investment that it has raised.
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