Grace Priscilla Teo · · 1 min readFund bags $16.2m to invest in early-stage Indian startups
The Rajiv Gandhi (Bandra-Worli) sealink in Mumbai, India / Photo credit: Shutterstock
Real Time Angel Fund (RTAF) has raised 125 crore rupees (US$16.2 million) in its second close, taking its total capital to US$62.3 million.
The early-stage investment fund was set up just seven months ago and is registered with the Securities and Exchange Board of India. Since its inception, RTAF said it has invested in 10 startups across sectors including healthtech, fintech, and agritech.
According to CEO Pranay Mathur, the enlarged fund size allows the company to maintain its mission of nurturing India’s next generation of startups.
In January, the firm also launched its own app called Backrr to help investors track their portfolio and stay informed of startup updates.
See also: True Global Ventures pivots fund to focus on generative AI
Note: This article was written with the help of AI. Don’t worry, humans were still involved in producing this story.
Currency converted from Indian rupee to US dollar: US$1 = 81.86 rupees.
Editing by Thu Huong Le and Dhania Putri Sarahtika
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