VC Firm a99 To Launch Third Fund With $100 Mn Corpus

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SUMMARY

The VC aims to back 12-15 startups operating in the manufacturing and infrastructure sectors with a cheque size in the range of $5 Mn to $10 Mn

a99 has received soft commitments of $30 Mn from existing and new investors

The Chennai-based firm launched Fund II in 2022 and had accumulated a dry powder of INR 105 Cr

Early stage focussed VC firm a99 (formerly Artha99) is raising its third fund with a target corpus of $100 Mn (about INR 850 Cr).

With this fund, the firm…



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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.

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VC Firm a99 To Launch Third Fund With $100 Mn Corpus


SUMMARY

The VC aims to back 12-15 startups operating in the manufacturing and infrastructure sectors with a cheque size in the range of $5 Mn to $10 Mn

a99 has received soft commitments of $30 Mn from existing and new investors

The Chennai-based firm launched Fund II in 2022 and had accumulated a dry powder of INR 105 Cr

Early stage focussed VC firm a99 (formerly Artha99) is raising its third fund with a target corpus of $100 Mn (about INR 850 Cr).

With this fund, the firm…



Source link

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.

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