Startup investment network Soonicorn Ventures gets SEBI nod for Rs 250 crore angel fund; check details

Posted under: MSME
Date: 2023-09-06
Startup investment network Soonicorn Ventures gets SEBI nod for Rs 250 crore angel fund; check details

Soonicorn Ventures (SV), an online startup investment platform in India, has gained regulatory approval from SEBI to launch a Rs 250 crore angel fund (with an additional Rs 250 crore available) for early-stage startups. SV will invest between Rs 50 lakhs to Rs 4 crore in a variety of sectors. They also provide mentorship and networking opportunities. SV, founded in January 2022, has a portfolio of startups in sectors like drone tech and EVs. It's an invite-only platform with over 2,000 investors, aiming to build a portfolio of 30 startups in the current year. The platform is free for investors to join and aims to streamline the investment process. The platform has been actively investing in sectors such as drone technology, B2B SaaS, electric vehicles (EV), financial technology, and supply chain logistics. Some of the startups in SV's portfolio include Zypp, Zingbus, Samosa Party, SupplyNote, AutoNxt, and Skylark.

Read more at: www.financialexpress.com