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Home Gadgets VC fund Rocketship.vc eyes big opportunity in the 'Bharat' wave

VC fund Rocketship.vc eyes big opportunity in the ‘Bharat’ wave

Silicon Valley-based seed and venture capital fund Rocketship.vc sees an enormous alternative within the ‘Bharat’ wave to spend money on firms which might be serving India’s rural and semi-urban markets the place the following 500 million cell customers are going to be added.

It is going to make investments a big a part of its
recently raised $100 million fund in India, particularly in sectors similar to edtech and digital healthcare, associate Madhu Shalini Iyer stated.

The staff has already began deploying cash from the fund in new in addition to current portfolio firms in markets such because the US, India, Southeast Asia and Latin America. The primary fund was raised round 5 years again in 2015 with a capital pool of $40 million.

The Fund II is backed by some US-based international buyers, together with Vulcan Capital, the funding arm of Vulcan Inc based by Microsoft cofounder Paul G Allen; personal markets funding agency Adams Road Companions and household workplace of Marc Andreessen and Chris Dixon, each of whom are cofounders of enterprise capital agency Andreessen Horowitz (A16z).

“The addition of the following 500 million cell customers in India additionally throws up an enormous alternative and there are some fascinating companies which might be rising out of this must cater to the brand new ‘Bharat’,” stated Iyer, a former chief information officer at Indonesian multi-service app firm Gojek.

Began by information scientists and entrepreneurs Anand Rajaraman and Venky Harinarayan, Rocketship.vc applies machine studying and information science to reach at its funding selections. Its staff depends closely on information from throughout sectors and nations to grasp the following wave of funding alternative.

““Our information exhibits that sectors similar to Edtech, telemedicine or digital well being, fintech and cloud software program are going to throw up funding alternatives and we’re sniffing for offers in these sectors specifically,” Iyer stated. “As economies went into lockdown after which finally opened up one after the opposite, there was information rising from internationally on what labored pre-pandemic and what doesn’t, and we’re factoring all of that in our choice making.”

The staff is closely targeted on investing within the Indian market and can see a lot of the capital flowing into the businesses right here, she stated.

The fund counts firms similar to NoBroker, Khatabook and Yulu Bikes amongst its portfolio investments in India.

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