IvyCap Ventures has secured Rs 300 crore in the first tranche of its Rs 600 crore IvyCap Fund 2, which was launched in October, reports YourStory. The agency will use 10 percent of this fund to fund the IvyCap startup program and IvyCap Ventures Initiative which makes seed investment of upto Rs 1 crore per startup.

The agency plans to invest in 25-30 startups in the next two year in sectors like IoT, healthtech, machine learning, AI, agritech and edtech. The rest of the funds will be used for Series A and Series B rounds investing in 12-13 companies in the next two years. The fund will be completed by September. IvyCap also hosts IvyCamp, an initiative to connect entrepreneurs, which claims to have 1,000 startups on it.

As of now, the startups in IvyCap’s portfolio include Reuters, Aujas, fieldEZ, Vinculum, Leixir, eShakti, Purplle, Sokrati, Clovia and BlueStone. It currently also hosts an option for entrepreneurs to submit broad details of their business plan, to be considered for funding.

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, Sri Lanka and Bangladesh. The fund would focus on early stage companies that have demonstrated traction.

– In the same month Nokia Growth Partners (NGP) announced a new $350 million fund IV,  for investing in IoT companies in the US, Europe, India and China. The fund will invest in companies around connected enterprise, consumer solutions, connected car and digital health and those focused on big data and analytics.

– Similarly, in the same month, IDG Ventures India had launched an India-focused tech fund with a target amount of $200 million.

– In January, Storm Ventures launched a new fund for software-as-a-service (SaaS) startups in India, with an allocation of at least $10 million for the fund.

– In the same month, Unicorn India Ventures finished a first close of Rs 40 crore on its Rs 100 crore fund. The fund will invest in early stage startups in verticals like mobile, social media, analytics, cloud tech and Internet of Things (IoT).

– In December 2015, China-based mobile internet firm APUS Group launched a fund in India worth Rs 300 crore to invest in startups. The fund will focus on investing in early stage startups working on mobile internet projects.

– In December 2015, Industrialist Sudhir Menon and digital marketer Atul Hegde had setup a new start-up fund called Rainmaker Ventures. The fund’s size will be $50 million and it would invest in startups across healthcare, education, mobile and FMCG.