Equirus InnovateX Fund, Equirus Group’s early-stage venture arm, has closed its first enterprise technology fund at Rs 166 crore, the firm said Monday.The fund, which announced its first close in February 2024, invests in seed and pre-Series A startups building in deep tech, software-as-a-service and fintech. It typically backs companies that are post-product and working toward product-market fit.The final close drew both domestic and global investors, including Girish Gaitonde, founder and board member of Xoriant; M.R. Jyothy, chairperson and managing director of Jyothy Labs; Dhimant Bhayani, founder and chief executive officer of iRevo; Raj P., founder and executive chairman of Zaggle; Shankar Vailaya, former director and co-founder of Sharekhan; and Nitin Seth, vice chairman of GD Foods.The fund is led by Krishna Jha, Sunder Nookala and Sadhika Agarwal.Also ReadEquirus to set up a Rs 1500 Cr private equity fund to back mid-market cos“At the seed and pre-series A stage, capital alone is not the differentiator – context and conviction are,” Sunder Nookala, Partner at Equirus InnovateX Fund, said. “Having built and backed companies ourselves, we understand the inflection points founders face around product-market fit, enterprise access and organisational build-out. With Fund I fully closed, our commitment is to work closely… Read MoreYourStory RSS Feed
