Equirus InnovateX Fund (EIF), the early-stage venture arm of Equirus Group, today announced the final close of its maiden B2B tech fund at ₹166 crore. The fund’s first close was announced in February 2024.EIF backs seed and pre-series A companies building in Deep Tech, SaaS and Fintech – typically teams that are post-product and working toward product-market fit. The fund aims to partner with founders solving hard problems with clear distribution and defensibility, and who are building for long-term sustainability from day one. The close attracted both domestic and global investors who bring operational experience and market access in addition to capital. True to its ethos – “by entrepreneurs, for entrepreneurs” – EIF counts a number of founders and operators among its backers, including Girish Gaitonde (Founder & Board Member, Xoriant), M.R. Jyothy (Chairperson & MD, Jyothy Labs), Dhimant Bhayani (Founder & CEO, iRevo), Raj P. (Founder & Executive Chairman, Zaggle), Shankar Vailaya (Former Director & Co-Founder, Sharekhan) and Nitin Seth (Vice Chairman, GD Foods).The Fund is led by Krishna Jha, Sunder Nookala and Sadhika Agarwal, experienced founders and investors with strong operational backgrounds, and responsible for driving investments and managing the portfolio across the fund’s focus areas.Sunder Nookala, Partner, Equirus… Read MoreStartupTalky- Business News, Insights and Stories
