Seedfund , smallest VC fund, is now at work and invites proposals from start-ups needing smaller amounts but heavy mentoring.The fund size is in the range of Rs 45-60 crore ($10-13 million), and they will invest any sum upto $500,000 (Rs 2.25 crore) in a venture. The fund has institutional investors like Motorola Ventures, Reliance Capital, SVB Financial Group, Sierra Ventures and individual investors like Kanwal Rekhi, K B Chandrasekhar, B V Jagadeesh and Sridar Iyengar. Seedfund’s Managing Partners include Pravin Gandhi, Bharati Jacob (ex-Infinity Venture Fund), and Mahesh Murthy (ex-Passionfund).
Source: Contentsutra.
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