SucSEED Indovation Fund received licence as an angel fund in the Category 1 AIF from market regulator SEBI. The venture brings Rs 100 crore to nurture tech innovation and back early-stage tech startups engaged in solving problems of masses, using emerging deep-tech innovations.
Hyderabad-headquartered SucSEED Indovation, the SEBI-registered alternative investment and venture capital angel fund, on Monday announced the first closure of its maiden Rs 100 crore fund by raising Rs 40 crore, and its three new investments.
Through this corpus, SucSEED aims to support more than 50 startups until they become large enterprises over their three-stage funding thesis, according to a statement. SucSEED Indovation is a SEBI registered Alternative Investment Fund (AIF-1) and Venture Capital Angel Fund.
The company plans to support more than 50 startups till they become large enterprises over their 3-stage funding thesis. SucSEED Indovation Fund received a license as an angel fund from market regulator SEBI in August 2020 Three startups which has been identified by the Indovation Fund are Stargate, Auris, and Freestand
Jobsgaar Technologies, the world’s first hyperlocal job finding platform has secured an undisclosed amount in Fundraise from Hyderabad headquartered SucSEED Indovation Fund and other marquee Angels as part of its Seed round.
A learned panel of medical experts, entrepreneurs and investors deliberating on the challenges, opportunities and the promising prospects for healthcare technology startups.
Vineeta Gupta has joined SucSEED Ventures as VP — Investments, to focus on Fund Raising, Deal Discovery and investments for our maiden fund, SucSEED Indovation.
IntelleWings is a product based on machine learning to help regulatory firms with anti-money laundering compliance need called EYE has raised seed funding of $1,00,000. The Panchkula-based startup IntelleWings raised funding from SucSeed Indovation and Value Investor Network (Vinners) led this round.