🦄 Startups & VC
2d ago
Pre-seed VC firm Industrial47 raises Rs 85 Cr in first close of Rs 200 Cr fund
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Industrial47, a pre-seed venture fund founded by Rahul Seth, has raised Rs 85 crore in the first close of its debut fund. The fund has a target corpus of Rs 150 crore with a green shoe option of Rs 50 crore.The first close saw participation from family offices, industrial groups, founders, and operators. Swiggy co-founder Nandan Reddy also participated in the first close.Industrial47's cheque sizes will range between Rs 2 crore and Rs 10 crore across 15-20 startups, spanning the sectors of space
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