Equirus InnovateX Fund Announces Successful First Close

Share via:

EquirusInnovateX Fund (EIF), an early-stage venture fund dedicated to supporting tech companies, proudly announces its first close within two months of securing an AIF (Alternative Investment Fund) Category-I license from the SEBI (Securities and Exchange Board of India). EIF announced the launch of the Fund less than a month ago. The fund’s first close saw robust participation from Ex-Founder/Operator HNI (High Net Worth Individuals) / UHNIs (Ultra High Net Worth Individuals), signalling strong confidence in EIF’s mission and strategy.

With the first close secured, the fund will invest in at least two companies within the next month. EIF is poised to accelerate its mission of fostering innovation in the tech start-up ecosystem.

“EIF’s successful first close is a testament to the vibrant ecosystem of visionary founders and supportive investors,” remarked Sunder Nookala, Early-Stage VC, and Head Tech & Digital at Equirus. “We are excited to leverage this momentum to identify and nurture the next generation of tech innovators, driving positive change across industries.”

Sadhika Agarwal, Early-Stage VC at Equirus, added, “We have seen very encouraging participation from successful tech entrepreneurs and operators that have built and scaled businesses. This strengthens our belief in our approach towards investing in and helping build businesses the right way, truly adding value to our investments and contributing to the ecosystem.”

Building on the foundation of its INR 250 crore fund, EIF plans to make 15-18 strategic investments this year. The investment themes and ticket sizes remain consistent with EIF’s previous announcements, focusing on sectors such as Software as a Service (SaaS), Deep Tech, Fintech, and other emerging industries, with investments ranging from INR 4 to 8 crores. Additionally, the fund intends to reserve 30-40% of its capital for follow-on rounds, ensuring continued support for portfolio companies as they scale and grow.

EIF is operated by experienced founders Sunder Nookala and Sadhika Agarwal. EIF brings a wealth of knowledge and a solid investment track record to the table. Sunder, a serial entrepreneur, an active angel investor & ex-founder of Kwench, an employee engagement platform, achieved a successful exit after the company’s acquisition by US-based O.C. Tanner. He is an active angel investor and LP in Upekkha and PointOne Capital, has invested in companies like Credgenics and GoComet. Meanwhile, Sadhika founded Sudo Foods, a consumer brand specializing in quality plant-based alternatives.

Ankur PunjNational Sales Head at Equirus Wealthadded,” There is a growing interest among High Net Worth Individuals (HNIs)/Ultra High Net Worth Individuals (UHNIs) and institutional clients in early-stage

Alternative Investment Fund (AIF) strategies as a means of diversifying their portfolios and generating alpha in returns.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Equirus InnovateX Fund Announces Successful First Close

EquirusInnovateX Fund (EIF), an early-stage venture fund dedicated to supporting tech companies, proudly announces its first close within two months of securing an AIF (Alternative Investment Fund) Category-I license from the SEBI (Securities and Exchange Board of India). EIF announced the launch of the Fund less than a month ago. The fund’s first close saw robust participation from Ex-Founder/Operator HNI (High Net Worth Individuals) / UHNIs (Ultra High Net Worth Individuals), signalling strong confidence in EIF’s mission and strategy.

With the first close secured, the fund will invest in at least two companies within the next month. EIF is poised to accelerate its mission of fostering innovation in the tech start-up ecosystem.

“EIF’s successful first close is a testament to the vibrant ecosystem of visionary founders and supportive investors,” remarked Sunder Nookala, Early-Stage VC, and Head Tech & Digital at Equirus. “We are excited to leverage this momentum to identify and nurture the next generation of tech innovators, driving positive change across industries.”

Sadhika Agarwal, Early-Stage VC at Equirus, added, “We have seen very encouraging participation from successful tech entrepreneurs and operators that have built and scaled businesses. This strengthens our belief in our approach towards investing in and helping build businesses the right way, truly adding value to our investments and contributing to the ecosystem.”

Building on the foundation of its INR 250 crore fund, EIF plans to make 15-18 strategic investments this year. The investment themes and ticket sizes remain consistent with EIF’s previous announcements, focusing on sectors such as Software as a Service (SaaS), Deep Tech, Fintech, and other emerging industries, with investments ranging from INR 4 to 8 crores. Additionally, the fund intends to reserve 30-40% of its capital for follow-on rounds, ensuring continued support for portfolio companies as they scale and grow.

EIF is operated by experienced founders Sunder Nookala and Sadhika Agarwal. EIF brings a wealth of knowledge and a solid investment track record to the table. Sunder, a serial entrepreneur, an active angel investor & ex-founder of Kwench, an employee engagement platform, achieved a successful exit after the company’s acquisition by US-based O.C. Tanner. He is an active angel investor and LP in Upekkha and PointOne Capital, has invested in companies like Credgenics and GoComet. Meanwhile, Sadhika founded Sudo Foods, a consumer brand specializing in quality plant-based alternatives.

Ankur PunjNational Sales Head at Equirus Wealthadded,” There is a growing interest among High Net Worth Individuals (HNIs)/Ultra High Net Worth Individuals (UHNIs) and institutional clients in early-stage

Alternative Investment Fund (AIF) strategies as a means of diversifying their portfolios and generating alpha in returns.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Threads can now show you when people in your...

Meta is adding an “activity status” to Threads...

Crypto market matured ‘dramatically’ in 2024: Coinbase

Range-bound price action shouldn’t obscure the fast progress...

macOS Sequoia 15.1 beta 7 now available ahead of...

Today Apple has released a new beta for...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!