Indian VC Weave Capital launches $75 million venture fund

Oluwajuwonlo Afolabi -

Weave Capital, a venture capital arm of SPVH Private Ltd. based in India has launched a $75 million venture fund, to invest in impact-making startups.

  • The fund will be invested in startups looking to raise Series B rounds.
  • Weave Capital aims at deploying between $1 to $5 million in up to 15-20 startups across different stages.
  • The deployment will commence at the close of the first raise of the fund which is $20 million.
  • The fund is awaiting the approval of the Securities and Exchange Board of India (Sebi).