The Series A round was co-led by TDK Ventures and BIG Capital, along with Accel, Prosus, YourNest Capital, BlueHill Capital, Campus Fund, and Riceberg Ventures participation.
Fund III plans to support up to 60 startups over the next four years, with initial investments ranging from INR 1 crore to INR 8 crore. Half of the fund is reserved for follow-on investments.
The round also saw participation from Huddle, Campus Fund, Blume Founders Fund, and angel investors including Nitin Sharma (Nexus Venture Partners) and Sameer Brij Verma (Northpoint Capital).
Campus Fund has a portfolio that has 40 per cent non-tech founders, 30 per cent female co-founders and 30 per cent hardware first tech-enabled student-led startups