#Fundlaunch is your quick summary of notable fund launches for startups. This segment includes announcements on funds launched by RNT Capital, Kelly Services India, Temp Holdings, ONGC, NEDFi, Ministry of DoNER and Kobe Bryant.
RNT Capital Advisers to Deploy $300M in Startups in India, SEA & US
RNT Capital Advisers, a venture fund launched by Ratan Tata in association with University of California, will deploy a fund of $300 million in startups in India, South East Asia and the United States of America. The fund will invest capital in the range of $10-15 million in technology firms in the mentioned regions.
The fund is reportedly exploring investments in India-based InMobi and Qikpod, along with two US-based companies. Read More
Kelly Services, Temp Holdings Launch Fund for HR-Focused Startups in India
Recruitment firm Kelly Services India has joined hands with Temp Holdings to launch a venture capital fund for HR-focussed startups in India, called ‘Temp Innovation Fund’. The Rs 67 crore sized fund will invest at least Rs 2 crore each in startups innovating in the areas of recruitment, payroll management, HR systems etc. Read More
ONGC Launches Rs 100 Cr Fund for Startups
Oil and Natural Gas Corporation (ONGC) has launched a Rs 100 crore fund for startups in oil and natural gas sector. ‘ONGC Startup’ initiative aims to help startups in this sector to scale up rapidly and successfully through seed capital investment, mentorship and network support. Read More
NEDFi & Ministry of DoNER to Set Up Rs 100 Cr Fund for North East Startups
North Eastern Development Finance Corporation Ltd (NEDFi), and Ministry Of Development Of North Eastern Region (DoNER) are setting up a Rs 100 crore fund for startups in the region. The fund will focus on startups in early and growth stage, primarily in B2C domains.
NEDFI will contribute Rs 30 crore and DoNER ministry will add Rs 25 crore to the fund corpus. The remaining Rs 25 crore will be raised from other financial institutions. Read More
NBA Player Kobe Bryant to Unveil $100M VC Fund
Retired NBA player Kobe Bryant and investor Jeff Stibel are together going to launch a $100 million startup fund under the firm named ‘Bryant Stibel’. The fund will invest in companies in technology, media and data sectors. The duo has been investing in startups together since 2013. Read More
Image Credit: Quartz