US-based investor Entrepreneurship and Venture Capital (EVC) is all set to launch India-focussed $50 Mn (INR 332.6 Cr.) early-stage investment fund to back enterprise software internet and mobile-focused startups.
The VC firm is led by serial entrepreneur and investor Anjli Jain. Besides focusing on startups operating in the education sector, the firm will also back early-stage ventures in the internet of things (IoT), ad-tech, ecommerce, wearables, and gaming segments. It will invest between $100K to $5 Mn in startups, while its accelerator could invest between $5K to $100K in exchange for equity in the ventures.
