Orios launches $150m India early-stage fund

The launch of the new fund comes less than a year after the firm's first fund closed at $50 million. In a statement, Orios said that it expects to reach its target by the end of the year.

Orios plans to use the fund to support 25 seed companies, including 6-8 new investments and follow-on rounds for existing portfolio companies. Investments will focus on online businesses catering to middle-class consumers, especially the financial technology, software-as-a-service (SAAS), B2B commerce, and used merchandise segments.

"By any measure, the number of mobile Internet shoppers is going to increase from 30 million last year to more than 100 million over the next few years. This presents a massive opportunity for Internet businesses," said Rehan Yar Khan, managing partner at Orios.

Orios has contributed to a number of Indian technology start-ups since its 2013 founding. It participated in a Series A round for hotel booking site Zo Rooms along with Tiger Global earlier this year, and has also backed meal delivery company Yumist and cloud data integration platform ZapStitch.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• South Asia
• Fundraising
• Venture
• Early-stage
• India
• Fundraising
• seed
• Venture