FundVice launches $11M VC fund ‘Ryoma Ventures Capital’
FundVice is a hybrid of investment banking, private equity, and acceleration. The company has announced an all-inclusive $11 million venture capital in India. The new fund, Ryoma Ventures, will be sector-agnostic focusing on revenue-generating startups no matter what stage they are in.
The company intends to close this fund quickly with its existing investors and is also looking at partnerships with other investors and funds.
FundVice has announced that from now on, it will be investing solely in future dragons and unicorns, and is looking to enable their growth by structuring them carefully.
Commenting on the development, Heena Aroora, Managing Director, FundVice and Ryoma Ventures said, “We have seen exciting startups that are revenue-generating, but what they lack is the right support of investors. Various incubators, accelerators, and mentors have been supporting the FundVice team to enable startups to reach new heights, however, they still lack investors. To support them, we decided to start this fund, with the support of everyone, as the next step towards making a dent in the startup ecosystem.”
FundVice raised more than Rs 60 crore in funding in a year for startups, and also gives mentorship and curation. Later, the company shifted to a direct advisory role in startups of areas across edtech, logitech, and fintech.
FundVice is looking to raise more than Rs 150 crore after curating startups, which shall be live in the market shortly. By the end of 2021, the company intends to raise over Rs 250 crore and close at least 50 deals. Recently, FundVice organized the seed round for India’s first clean beauty marketplace Vanity Wagon, and the company intends to replicate its success with more investments in the future.
According to the press release, FundVice selected the Japanese name Ryoma as it is a globally inclusive fund. Ryoma means a dragon and a horse in Japanese, about startups raising $1 billion in a single round and a valuation of above $1 billion, respectively.
The fund will accelerate startups and offer them a great opportunity to scale their operations irrespective of their current stage.Shishir Gupta, Founder and CEO, StartupLanes
Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.
If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.
The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.
Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.
For publishing an advertorial article about your company on our website, drop an email at email@example.com