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Fund Alert: Startup Village gets SEBI nod for $10-M angel fund

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Kochi-based Startup Village, the telecom sector focused start-up incubator promoted by the central government’s Department of Science and Technology, Technopark Trivandrum and MobME Wireless, has received market regulator SEBI’s approval for its $10 million angel fund, with a greenshoe option to increase the corpus to $20 million. It will invest between $20,000 and $250,000 per company. 

The proposed fund will start investing in telecom and Internet companies once $2 million is raised as part of its first close. KPMG and ILFS are advisor and trustee to the fund respectively. Infosys co-founder and Start-up Village chief mentor K Gopalakrishnan, mobile VAS startup MobME, Ravi Pillai, founder of the Rs.16,000-crore Bahrain-based RP Group and other angel investors will be part of the fund. 


Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.

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