Z21 Ventures, an early stage venture capital firm founded by technology industry founders and senior executives, has raised a $5 million fund to invest in Indian startups.
The venture capital firm, founded by the founders of Software as a Service (SaaS) unicorn Innovaccer – Abhinav Shashank and Raj Singh – will give promising startups cheques ranging from $100k to $250k at the seed stage of investment. The investment philosophy of Z21 Ventures will be a community-based approach to investing in startups.
Z21 Ventures plans to increase the number of advisors on its board of directors from 70 to 200 in the future. Furthermore, it is considering collaborations with Indian universities to establish incubation centers.
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