The Securities and Exchange Board of India (SEBI) has given the green light to Induckt Global, a venture capital (VC) firm, allowing it to raise its first-ever fund of INR 320 crore. This fund will have a primary focus on investing in startups in India, particularly in their early and growth stages, across various sectors like technology, healthcare, and consumer industries.
Established in 2022, Induckt Global is the brainchild of a group of seasoned investors with a track record of success in the Indian startup ecosystem. The firm's investment philosophy revolves around partnering with visionary founders who are creating innovative and disruptive companies. Induckt Global distinguishes itself by providing its portfolio companies with access to a vast network of mentors, advisors, investors, and leveraging its expertise in operational and strategic execution.
The SEBI's approval marks a significant milestone for Induckt Global, endorsing both its investment strategy and the team's proficiency. With this fund, Induckt Global will be well-positioned to support a new generation of Indian startups that are shaping the future of the country.
Induckt Global's inaugural fund of INR 320 crore has the potential to bring about a substantial impact on the Indian startup ecosystem. It will address a critical need by providing essential capital to early and growth-stage startups, a segment often overlooked by traditional financial institutions.
Furthermore, the fund's focus on key sectors like technology, healthcare, and consumer aligns with the strategic priorities of the Indian government, as these sectors are instrumental for India's economic growth and overall development.