Pioneering Ventures launches $70 million Rural India Impact FundZurich and India-based agri-food investor, Pioneering Ventures launched a $70 million private equity fund to provide growth capital to the companies it has incubated in India, The Economic Times reported. Across its five platforms, the fund employs 500 people in the country and aims to reach one million farmers through its ventures. The joint fund, called Funder’s Forum, will be registered as a trust and will see participation from mid- to early-stage venture capital firms such as Chiratae Ventures, Kae Capital, YourNest Venture Capital and Stellaris Ventures Partners, The Economic Times reported. Japan’s Akatsuki entertainment technology fund eyes India’s vernacular segmentJapanese venture capital fund, Akatsuki Entertainment Technology Fund (AET Fund), looks to invest across five early-stage vernacular platforms in India with an average ticket size of $500,000, Mint reported citing the fund’s top executive. The venture capital arm of Japan’s Akatsuki Inc. usually co-invests with other VCs such as Accel Partners, Blume Ventures, Sequoia, Inventus, Chiratae, DSG, 3one4, Infoedge and Shunwei.

Source: Mint June 10, 2019 02:48 UTC