Riverwalk Holdings on Thursday mentioned it launched a ₹150-crore early-stage enterprise capital fund to spend money on shopper manufacturers, software-as-a-service (SaaS), fintech and shopper tech startups from seed to Sequence A stage.
The fund mentioned that it is going to be investing as much as ₹10 crore in every startup and has already made 4 investments.
India-focussed Riverwalk is anchored by the Thakral Group and counts outstanding enterprise homes in India and Singapore as its buyers.
The fund’s portfolio consists of AI based mostly contract automation startup Spotdraf; ayurveda platform The Ayurveda Expertise; neighborhood and commerce platform for fogeys Mylo and housing finance platform Homeville.
“The founding rules of Riverwalk have been formed by the Thakral Group’s 117-year legacy of constructing profitable companies based mostly on long run partnerships. The lifecycle of a startup has its ups and downs and we’re dedicated to being supportive all through the journey,” mentioned Satveer Singh Thakral, Founding Accomplice at Riverwalk
“Riverwalk will leverage its stakeholder community to speed up the expansion of startups by offering entry to main enterprises throughout Asia” he added.
“We wish to accomplice with founders who’re centered on constructing essentially robust and capital environment friendly companies. This philosophy has labored out nicely for us up to now and we’re simply centered on replicating it,” mentioned Jai Sumer Singh, Founding Accomplice at Riverwalk.
Riverwalk has earlier backed startups like Wellness Endlessly, AML Platform, Silent Eight, Anchanto and Mobilewalla, amongst others.
Final month, VCCircle reported that Riverwalk Holdings was one of many buyers to assist direct-to-consumer (D2C) mom and child platform Mylo elevate $17 million (round ₹129 crore) in a Sequence B spherical.
Early in February, Disruptors Capital launched a ₹120 crore early-stage enterprise capital fund to spend money on tech startups throughout India, Southeast Asia and the US.
Supply: Live Mint