Dealflow | May 1, 2018

Ankur Capital plans new fund for early stage tech investments

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, May 1 – Mumbai-based Ankur Capital plans to launch a new fund of up to $50 million to focus on early-stage investments in fintech and other technology companies. “We will still do early stage deals, but we will cut larger-size checks from the new fund,” Ankur’s Rema Subramanian told DealStreet Asia. Investments from the new fund could be as big as $2.2 million, compared to the typical Ankur investment from its existing fund of about $750,000.

  • Ankur’s first fund… Closed in 2016 at about $7.5 million and has made 11 investments.
  • A longer reach… Ankur is looking to add 15 to 18 companies to its portfolio of investments with the new fund.