World V launches Rs 100 cr fund for Indian startups

World V on Monday announced the launch of a Rs 100 crore-fund that will invest in early and mid-stage startups in the country. With a corpus of Rs 100 crore, World V Technology Fund – Series 1 will invest in early to mid-stage companies working in industries such as consumer, healthcare, finance, logistics, and entertainment, a statement said.

World V will lead the investment in both consumer-facing and B2B companies working on emerging technologies, including cloud, big data, artificial intelligence, machine learning and the internet of things, it added. The World V Technology Fund – Series 1 will identify companies that need more than just funding, World V Partner Deepak Shetty said.

"With access to global best practices, World V will work towards creating a platform for knowledge transfer and nurturing of talents in the invested companies. This is first in a series of technology funds that we will be introducing in India," he added.

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