Mantra Capital launches fund for tech startups

Mantra Capital launches fund for tech startups

Agency News

Hyderabad, Jan 8 : Mantra Capital, a cross-border early-stage venture capital fund that is re-envisioning venture capital to solve humankind’s toughest problems, launched globally on Wednesday, a statement said.

Three veteran entrepreneurs, Jay Krishnan, Srikanth Chintalapati and Kevin Jacobs are launching the fund. It is a USD 60 million US-based fund and would focus on Deep Tech for human good. The fund has already raised USD 24 million out of USD 60 million, the statement further said. Mantra Capital has started scouting for startups in India and international markets like the US to make its initial investments.

It is focused on investing in seed and pre-Series A round startups with advanced solutions for human good in three specific themes: 'What we eat', 'Where we live' and 'How we thrive'. The sectors in focus are food and agritech, circular economy and healthtech, among others. Startups with products and solutions that use advanced science and leading-edge technologies like artificial intelligence, machine learning, blockchain, photonics and robotics will attract the company’s funds.

The fund is smartly designed for the scaling up of startups through its strategic partnerships with investors, global network, industry experience and market expertise. Mantra Capital’s proposition of capital and venture building with offshore services will be the highlight for startups to scale up and go to market rapidly, the statement added. (UNI)