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Financial services companies such as Equirus Group have launched the $25 million Equirus InnovateX Fund (EIF) to support B2B startups in India, with a focus on areas such as software-as-a-service, deep tech and fintech.
The fund plans to invest between $500,000 and $1 million in 15 to 20 startups. Equirus Group provides financial support and industry connections to help startups grow. The investor stressed that it will remain cautious about capital deployment for businesses with strong monetization potential and sustainable business models.
EIF’s goal is to create a sustainable business for the future, with Equirus Group facilitating more than 240 transactions in mergers and acquisitions, private equity and initial public offerings.
(Source: techinasia Image source: freepik)
