Ventureast is one of India’s longest-standing venture capital institution. Investing in pioneering sectors since the mid-90s, Ventureast has enabled over 80 seed, early and growth stage businesses in a broad array of sectors including technology, life sciences and clean environment. Ventureast is an Indian VC fund manager with close to $300 million under management. They have a rich history of investing in innovative businesses across multiple sectors, and multiple stages of a business – from seed and early to growth stages.
As per the latest reports, Early stage venture capital firm Ventureast has announced the first closing of its sixth fund- Ventureast Proactive Fund II (VPF2). The fund targets a final closing in the next six months.
Speaking about the development, Sarath Naru, Managing Partner of Ventureast mentioned,
“We continue to invest in businesses where capital is not the primary competitive advantage, but ‘technology’ is. While huge investments have been made in tech businesses over the last five years chasing the ‘firstest with the mostest’ strategy, the emphasis today is on the kind of startups where technology will be the primary differentiator. These businesses are leveraging the cloud, IoT, big data analytics, /AI, mobile, etc. to build unique and globally scalable solutions.”
The major focus for the new fund will be towards investing in rural and semi-urban markets and in startups where ‘technology is a strong differentiator and not just an enabler.’ It also wants to lay emphasis on the needs of the SME’s and pure play technology ‘picks & shovels’. The sectors include fintech, enterprise applications, cloud, mobile internet, IoT, and consumer internet.