The second fund will target a range of sectors, including financial services, retail, e-commerce, healthcare, and supply chain, while also focusing on sector-agnostic core technology innovations.
This marks a significant milestone for Cornerstone Ventures, which had earlier exited Wigzo Technologies, acquired by logistics unicorn Shiprocket in 2021.
The Mumbai-based firm intends to make investments in a variety of software platforms and marketplaces that serve industries like retail, consumer goods and e-commerce, financial services and insurance, distribution and supply chain, and healthcare goods and services.