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