IncuCapital Advisors launches 100 Crore VC Fund

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IncuCapital Advisors launches Rs.100 Crore VC Fund
Pune: IncuCapital Advisors, an early-stage venture capital firm, has launched its first fund of 100 crore, IncuCapital Fund I. The fund will raise its capital from Indian investors. They have also received a commitment of 35-40 crore.

IncuCapital Advisors was launched this year to incubate early-stage start-ups. Kapil Khandelwal, member of IncuCapital Advisory Committee, said that they might do an early closure once they reach the half-way fund raising mark. The investment committee will include Manish Kumar and Surojit Nandy, co-founder of IncuCapital, IndiaCo Ventures' vice-chairman Rahul Patwardhan and Vikram Gupta, founder of IvyCap Ventures.

IncuCapital is working on developing a startup platform across India for physical incubation. They partner with professional academic institutions across the nation and setup base incubators in various different domains to help startups ideas across industry domains get incubation support in the right institute environment for them.

The ticket size will be between 50 lakh to 8 crore and investments will be in early-stage ventures that could even be at the ideation stage. Canadian asset management group Core Partners is investing $6.4 million to acquire a minority stake in one of the investment arms of IndiaCo Ventures, which seems to be IncuCapital Fund.

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