World V Launches Rs 100 Crore Fund For Indian Startups Focused On AI, Big Data, IoT

1185
  • The fund will work towards creating a platform for knowledge transfer and nurturing of talents in the invested companies.
  • It will invest in both consumer-facing and B2B companies working on emerging technologies

World V has announced the launch of a Rs 100 crore-fund which will invest in early and mid-stage startups in India. As per a statement, the World V Technology Fund – Series 1 will invest in industries such as consumer, healthcare, finance, logistics, and entertainment.

The statement added that World V will invest in both consumer-facing and B2B companies working on emerging technologies. These include cloud, big data, artificial intelligence, machine learning and the internet of things.

Platform for knowledge transfer

World V partner Deepak Shetty said that the fund will identify companies that need more than just funding. It will work towards creating a platform for knowledge transfer and nurturing of talents in the invested companies.

LEAVE A REPLY

Please enter your comment!
Please enter your name here