India will see the emergence of trusted brands, says Ramakrishnan
Indian family offices and digital-first entrepreneurs accounted for 95% of the Rs.260 crore raised by Bengaluru-based Multiply Ventures which plans to invest in early-stage deals with Fintech, Edtech, Retail and Health.
Multiply Ventures plans to invest in 8 to 10 startups in the next 12 months, having invested in 15 companies to date.
Some of the portfolio companies include Nova Benefits, upswing, Freed, Bharat X, Nutty Yogi, Iluvia, Jovian, Harvey in Edtech, OneCare and Being in Health.
The company’s vision is to be one of India’s most impactful early-stage VC funds over the next 5 years.
The SEBI had given approval in 2020 for raising Rs.260 crore under maiden fund, said Multiply Ventures.
The partners, Raveen Sastry, Sanjay Ramakrishnan and Bhushan Patil, had 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.
Sanjay Ramakrishnan, Partner at Multiply, said on 14 June 2022, “We are thesis-driven in our investment and the broad thesis is that India will see the emergence of trusted brands that will improve access to quality education, transparent financial services, affordable healthcare and authentic retail experiences.
“Technology will be a unifying catalyst across all sectors. We have a sub-thesis for each of the 4 sectors. The thesis is our governing framework and keeps evolving.” fiinews.com
