The Securities and Exchange Board of India (SEBI) has given permission to Induckt Global, a venture capital firm, to raise its first fund of Rs 320 crore. The fund will primarily invest in Indian startups, especially in their early and growth phases, across sectors like technology, healthcare, and consumer industries.
Induckt Global was established in 2022 by experienced investors in the Indian startup ecosystem. The firm aims to partner with innovative founders and provide them with a network of mentors, advisors and investors to help their companies grow.
The fund’s focus on technology, healthcare and consumer sectors aligns with the strategic priorities of the Indian government, as these sectors are crucial for India’s economic growth and overall development.