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Startup networking platform Scope to raise 45 million for maiden VC fund
Mint Mumbai
|December 27, 2023
Startup-focussed networking platform Scope, on Tuesday, said that it is raising $45 million (around ₹375 crore) for its maiden venture capital fund that will primarily invest in fintech and gaming startups.
The VC arm will operate as an independent entity under the Scope umbrella, it said in a press statement.
"Scope recognises the immense opportunities presented by fintech and gaming. Both sectors have witnessed unprecedented growth, driven by technological advancements, changing consumer behaviour, and increasing demand for innovative solutions," said the networking platform.
In addition to strategic capital, Scope will provide mentorship and access to a vast network of industry experts to portfolio companies. Startups will also get operational support from community members, it added.
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