Japanese early stage VC firm Rebright Partners has launched a $20 million fund for Indian Startups. The new fund will focus on consumer-focused mobile-only or mobile-first startups.
The firm has already made four investments in India including data intelligence firm Tookitaki, Manthan, and Indian mobile app startup, News in Shorts that publishes news stories in 60-word bite-sized portion.
The firm has also appointed Brij Bhasin as its investment manager in India, who was earlier with GSF Accelerator. He is targeting startups in consumer internet space, mobile apps, mobile eCommerce companies and digital media firms focused on Indian market.
Recently, other firms such as Helion Venture, Sequoia Capital, Accel Partners, SAIF Partners, US-based Peesh venture Capital, SeedFund’s partners and IT company Persistent Systems have also launched funds for Indian startups.