The $20 million VG Coop Fund will also have a green shoe option of raising another $20 million. Mumbai: Venture Gurukool, a mentoring platform for early and growth stage ventures, is planning to launch its maiden fund called VG Coop Fund with a target corpus of $20 million towards the end of April, said founder Mahendra Swarup. The fund, which will have a green shoe option to raise another $20 million, will invest in business-to-business and consumer technology start-ups. According to Swarup, the firm has tied up with three large Chinese investors who will be co-investing with Venture Gurukool. Before setting up Venture Gurukool, Swarup was a managing director with India-focused private equity fund Avigo Capital.

Source: Mint March 08, 2018 19:18 UTC