Merak Ventures, an India-based venture capital firm has launched a $100 million fund to invest in early-stage startups in the country.
- The fund will be deployed to 18-20 startups in the next three to four years, the VC claims. It will invest in business-to-business (B2B) and emerging technologies startups across sectors such as insurtech, enterprise SaaS, and climatetech including mobility, agritech, climate finance, carbon, and digital solutions.
- The VC will also provide beyond-capital support for its portfolio companies in areas like strategy, business development, strategic partnerships and fundraising to widen their horizons and enable maximal results delivery.
- Merak invests in seed-stage, emerging technologies, and B2B startups making high impacts in India. Its portfolio currently includes 4baseCare, AdvantageClub, Cell Propulsion, Cosmofeed, LightSpeed, Meddo, MedPay, and Multpl among others.