It plans to invest this money in 20-15 consumer-focused startups at the pre-seed stage across sectors. Investments will be in the range of Rs 50 lakh to Rs 2 crore. The fund is expected to close within the next three to four months. This development comes amid a wave of new domestic funds and micro venture capital firms emerging in India, which are backing startups at very early stages with smaller cheques compared to established VC firms.
