StartupXseed Ventures has made the first close of its new investment vehicle – at Rs 65 crore, and expects to raise its full Rs 150 crore corpus over the next 6-9 months.
Fund-II also has a green shoe option of Rs 50 crore.
Following StartupXseed Ventures’ first fund – a 2016-vintage Rs 34-crore fund – the early stage focused Fund-II has been backed by a number of family offices and professionals from the information technology sector.