Bengaluru, NFAPost: Windrose Capital, venture capital firm, announced its plans to invest over Rs 200 crore in startups in India over next two years.
The venture capital company already announced initial closing of ‘The Next Billion Fund’ which it plans to invest up to $30 million (approximately Rs 214 crore) in early stage high growth startups across the country.
Windrose Capital, Pune headquartered investment company, is founded by Chinmay Kulkarni and Rohit Goyal in 2013. The company already made investments in multiple startups from financial services, healthcare logistics, and AI-based data insights space.
The company is betting on India’s fast transforming economy where digital waves are making disruptions. The company is making possible by supporting promising start-ups through early and mid-stage investments.
In a statement, the company said it is in advance talks with over a dozen more companies from different sectors and will be looking to complete several more investments before the end of this quarter.
“The fund is expected to be exhausted within two years. We exist to serve this opportunity by enabling potential Indian unicorns to arrive on the global stage,” said Windrose Capital Managing Partner Rohit Goyal
Goyal said the company believes in reinventing industries across the board which are driven by young population who are reaching out to use more efficient digital-first products and services to fulfil their dreams. “This tectonic shift is evident by the fact that current and to-come youth will touch these products and services as their first-interaction and therefore it become the default mode for them.” said Goyal.
Windrose Capital has made investment in mass market mutual fund distributor Nivesh.com for the underserved population of Tier-2 and 3 cities, healthcare logistics firm, data services firm Paper VC. The company’s other investments include Imicro UAV company IdeaForge and Bugscore 360, a web-based software that allows company’s employees to score each other in real-time.