Iron Pillar provides growth capital to help India’s startup expand their global footprint.According to Deal Street Asia, quoting sources, the VC company is in advanced talks with a limited partners (LPS) to collect around $ 400 million in the second fund.
The VC company has startups such as FreshatoHome, Uniphore, Curefoods and others in its portfolios.According to the new report by Iron Pillar, India is likely to have more than 250 unicorns in 2025.Iron Pillar closed the first funds, $ 90 million in 2018 and collected $ 45 million after that for top-up funds.
Last year, he collected $ 10 million for his second fund from Allana Group.Last month, Sequoia India and Southeast Asia collected $ 2.85 billion in all series of funds, including $ 2 billion in the initial stage, venture and growth funds for India and Southeast Asian funds $ 850 million, to help the founder build companies from IPO to IPO and around it.
India has emerged as the third largest startup ecosystem in the world, after the US and China. This country currently has more than 100 unicorn.In 2021, India’s startup collected $ 42 billion in 1,583 agreements, produced 42 unicorn.According to the report, Lightspeed India Partners also plans to collect more than $ 500 million for the latest funds and Matrix Partners India aims to collect $ 450 million.
0
0
