US-based SamVed has launched a $50 Mn fund to invest in early stage Indian startups across sectors like AI, fintech and healthcare with ticket sizes of $80K-$120K
The fund brings together industry veterans including former Bridgewater investor Amit Srivastava, LetsVenture’s Shanti Mohan and former Google leader Gagan Saksena
Portfolio startups will receive operational support including access to an in-house CTO and global networks; the fund has already backed three startups
Venture capital fund SamVed has floated a $50 Mn (INR 433 Cr) fund to back tech-focused early stage startups in India.
The fund will target sectors including AI, agritech, healthcare, fintech, e-commerce, upskilling and consumer brands.
It is led by former Bridgewater Associates investor Amit Srivastava, alongside LetsVenture founder Shanti Mohan, former Info Edge executive Vivek Khare, and ex-Google leader Gagan Saksena.
The fund aims to invest across startups with initial cheque size ranging from $80-120K. Besides capital, portfolio startups will receive access to an in-house CTO, operational mentorship and global networks.
Amit Srivastava, managing partner at SamVed said, “We aim to go beyond traditional investing to shape the next decade of innovation.”
As a fund partner of LetsVenture, SamVed claims to benefit from deal flow and founder networks. The fund has already invested in three startups. “We are uniquely positioned to identify high-potential startups and accelerate their growth journeys efficiently,” said Shanti Mohan.
This launch adds to recent fund announcements in the Indian startup ecosystem. Earlier this week, Riceberg Ventures announced a $20 Mn fund for deeptech startups. In December last year, Warmup Ventures unveiled its INR 300 Cr second fund targeting deeptech and climate tech startups.
