Qishin Tariq · · 1 min readIndia-based VC debuts seed fund with $100m corpus
India-based Merak Ventures has rolled out a new fund with a target to raise US$100 million, which will be managed by partners from GrowX ventures.
Merak Ventures founders Sheetal Bahl (left) and Manu Rikhye/ Photo credit: Merak Ventures
Merak Ventures was co-founded by Manu Rikhye and Sheetal Bahl, who are also partners at GrowX ventures. Over the next three to four years, Merak aims to invest in up to 20 startups and is targeting seed-stage, B2B, and emerging technology companies.
Though the fund aims to remain sector-agnostic, it will focus on investment themes including climate tech, insurtech, and enterprise software as a service (SaaS).
According to Rikhye, Merak’s goal is to work with founders who want to solve real-world problems, offering capital and mentor-partner collaborations.
The Delhi-based VC firm will also provide support in strategy, business development, and fundraising to investee startups.
See also: These are the most active investors in India’s startups
Editing by Samreen Ahmad and Jaclyn Tiu
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