India's Mela Ventures reaches $17.5m first close
Mela Ventures, an Indian venture capital firm launched by the co-founders of IT outsourcing player Mindtree, has achieved a first close of INR1.3 billion ($17.5 million) for its debut fund.
The fund has a target of INR2 billion. LPs include institutional investors, global technology leaders, and seasoned startup investors, the firm said. It plans to make four to five seed investments in the...
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