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Merak launches $100 million fund for early-stage startups


Early-stage enterprise capital agency Merak Ventures on Monday introduced the launch of a brand new fund with a goal corpus of $100 million. The VC agency plans to spend money on 18-20 startups over the following three to 4 years.

Merak, cofounded by Manu Rikhye and Sheetal Bahl, will spend money on B2B and rising expertise corporations. Whereas the fund will proceed to be sector-neutral, some funding themes that it’s going to actively pursue are insurtech, enterprise SaaS, and climatetech (which incorporates agritech, mobility, carbon, local weather finance, and digital options).

“The genesis of Merak is our success and studying whereas managing a fund, and the sustained confidence of our traders. There are passionate founders who need to clear up actual world issues and we need to

them, not simply with capital however as a mentor-partner,” Rikhye, Associate, Merak Ventures, stated.

The Delhi-NCR primarily based VC agency may even present energetic help in technique, enterprise growth, and fundraising by systematically using broader networks of a portfolio, LPs, trade connects, and fund relationships to finally ship extra worth for all stakeholders.

“Merak is the end result of a decade of considering, studying, and investing within the Indian startup ecosystem. It represents our robust perception that monetary beneficial properties and impression, whether or not on trade, folks, or the planet, should not mutually unique. And it’s constructed on the muse of our passions – B2B and rising applied sciences, and our values: boldness, empathy, enjoyable,” Bahl, Associate, Merak Ventures stated.

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