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RTP Global launches $1 bn fourth fund
Mint Mumbai
|June 29, 2023
RTP Global, an early-stage venture capital firm which has backed Indian startups such as Cred, Rebel Foods, DeHaat, Delivery Hero, Practo and Mobile Premier League, has floated its fourth fund with a target corpus of $1 billion (₹8,205 crore).
The sector-agnostic fund will aim to invest in 20 Indian startups with a primary focus on seed and Series A rounds.
RTP Global plans to deploy the capital across North America, Europe, India, and Southeast Asia with a particular focus on sectors such as artificial intelligence, enterprise software, fintech, and e-commerce, among others.
The launch of the new $1 billion fund is a promising development for Indian startups, offering much-needed liquidity in a challenging environment fuelled by concerns of a funding crunch due to a global economic downturn.
Esta historia es de la edición June 29, 2023 de Mint Mumbai.
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