Multiply Ventures announces maiden fund of Rs 260 Cr

Multiply Ventures, an early-stage VC fund, has announced the closure of its maiden fund worth Rs 260 crore. The fund focuses on early-stage deals across 4 core sectors: Fintech, Edtech, Retail, and Health.

The fund earlier received its SEBI approval to launch the fund in 2020 and the fund completed its final close recently.

The 3 Partners built a portfolio of 30 companies as angels before embarking on launching a structured fund. Some of the notable companies in the pre fund include Open Financial, DealShare, Gramophone, ShopKirana, Madstreet Den, and Skill Lync.

Multiply Venture has invested in 15 companies to date and plans to invest in 8 to 10 more startups in the next 12 months. Some of the portfolio companies include Nova Benefits, upswing, Freed, Bharat X in fintech, Nutty Yogi, Iluvia, in sustainable consumer space, Jovian, & clever Harvey in Edtech, and OneCare and Being in Health.

Multiply Ventures seems to be an interesting startup with spurring new development on transportation, logistics, supply chain and storage platform. I’m certain this startup would keep on flourishing in its excursion ahead. My best wishes to the entire team of Multiply Ventures. This will give them tremendous achievements in the future.

Shishir Gupta, Founder and CEO, StartupLanes

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