Women-focused and early-stage startups to receive funding worth Rs 25 crore, as announced by Paul Bros Consulting.
Paul Bros Consulting LLP has announced the first close of its angel fund, GrowUp Venture Fund. The fund, registered as a Category-I Alternative Investment Fund (AIF), aims to provide long-term capital to innovative ventures, particularly high-potential, women-led, and early-stage startups.
The GrowUp Venture Fund has set a target corpus of Rs 25 crore and is structured to invest in early-stage startups. The fund requires a minimum investor commitment of Rs 15 lakh.
According to Paul D, the Managing Partner of Paul Bros Consulting LLP, the GrowUp Venture Fund has been conceptualized to identify and nurture the entrepreneurs of tomorrow. He expressed commitment to building sustainable businesses through the fund.
Paul D stated that the GrowUp Venture Fund combines patient capital with deep ecosystem expertise. The fund offers strategic guidance to the startups it invests in, aiming to create a robust platform for collaborative value creation.
The GrowUp Venture Fund is expected to attract participation from seasoned angel investors, family offices, and veteran stakeholders in the startup ecosystem. However, the specific names of these participants have not been detailed in the provided search results.
The fund's investments are intended to contribute meaningfully to India's growth story. It is focused on startups that demonstrate strong growth potential and is interested in creating a platform for collaborative value creation.
With a tenure of 25 years, the GrowUp Venture Fund aims to create a lasting impact on the Indian startup ecosystem. It continues to offer strategic guidance to the startups it invests in, ensuring their growth and success in the long run.
In conclusion, the GrowUp Venture Fund, initiated by Paul Bros Consulting LLP, is a significant step towards fostering the growth of high-potential, women-led, and early-stage startups in India. With its patient capital, deep ecosystem expertise, and commitment to building sustainable businesses, the fund is poised to make a significant impact on the Indian startup ecosystem.
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