Entrepreneurship & Venture Capital (EVC) has announced a $50 million fund for Indian startups, reports YourStory. The investor will use to fund to invest in sectors like Internet of Things, mobile, ad-tech, ecommerce, wearables, gaming and education. EVC is likely to invest between $100,000 to $5 million from the fund EVC II in exchange for equity. The company’s other program, EVC Accelerators, which operates in the US and India, invests $5,000 to $100,000 in startups in exchange for equity. EVC will also offers mentorship to startups it invests in, other than help them reduce cost of operations through partner vendor networks. As of now, the startups in EVC’s portfolio include OculusIT, Lookingglass, MeetUniversity, Kryptos mobile, QuickLaunch SSO, Milk basket, BlackBeltHelp and EdTechReview. The investment firm also runs a program called I-MADE (Innovation in Mobile App Development Ecosystem), which will cover the costs of accepted applicants’ software licensing, hosting and support costs of the mobile app development. Recently announced startup funds in India: - Last month, medical equipment provider Trivitron’s Managing Director GSK Velu floated two investment funds—a Venture Capital (VC) fund under Stakeboat Capital targeting to raise $100 million, and a family office fund with a corpus of $75 million - In the same month, equity firm Paragon Partners launched Paragon Partners Growth Fund I (PPGF-I), a $200 million India focused fund. The fund will focus on financial services, infrastructure services, industrials and healthcare services. - In February, 500 Startups launched a new $25 million fund to invest in India,…
