Bengaluru, NFAPost: FundVice, an investment banking and start-up acceleration cross-breed, has announced a comprehensive $11 million venture capital to aid lucrative startups in India. The Ryoma Ventures is touted to be a true sector-agnostic fund with its focus on revenue-generating start-ups regardless of their current development stage.
The company plans to close this fund soon with its present investors, besides aiming at collaborations with other investors and funds.
FundVice has said that henceforth, it will be investing only in creating the future dragons and unicorns by structuring them wisely.
Commenting on the announcement, Ms.HeenaAroora, Managing Director, FundVice and Ryoma Ventures had this to say:
“We have seen exciting start-ups that are revenue-generating but what they lack is the right support of investors. Various incubators, accelerators and mentors that have been supporting the team of FundVice to support start-ups reach the heights they are at, but still lack investors. To support them, we took the decision to start this fund, with the support of everyone, as the next step towards making a dent in the start-up ecosystem.”
FundVice Embraces New Role in Startups
Recently, FundVice has tried to transform the whole ecosystem by not only raising over Rs. 60 Crore funds in a year for start-ups, but also by offering mentorship and curation. But FundVice found the shortcomings of this approach and moved to a direct advisory role in start-ups of various domains like Ed-Tech, Logi-Tech and Fin-Tech.
FundVice is planning to raise over Rs.150 crore after curating start-ups which shall be live in the market soon. By the end of 2021, the company plans to raise over Rs.250 crore and accelerate at least 50 deals.
Recently, FundVice orchestrated the seed round for India’s first clean beauty marketplace Vanity Wagon with plans to replicate its success with more fruitful investments in the future.
Why FundVice Chose Ryoma as its Ventures Capital Name?
FundVice chose the Japanese name Ryoma as it is a globally inclusive fund focused on the future. In Japanese, Ryoma means a dragon and a horse. The name was chosen because a dragon is a term used for a start-up raising $1 Billion in a single round and a horse or a unicorn is a start-up with a valuation of above $1 Billion.
For detailed information, please visit: https://fundvice.in/ and https://ryomaventures.com/
