Eight Roads steps up India focus, to target 5-6 startups

The Fidelity International-backed Eight Roads Ventures, which has invested in startups such as Icertis, Fibe and Shadowfax expects to accelerate its funding in India this year, top executives at the firm said.

- Sneha Shah & Priyamvada C

Cheque sizes will range from $5-40 million, Eight Roads president Alex Emery said.

"We see this year as a good time to be accelerating our investments in the country. I'm anticipating five to six deals we'd like to back in India, and we're seeing the deal flow in the market. So, we are keen to deploy more," Alex Emery, president at the firm, told Mint in an interview. He said businesses in the country will continue to grow rapidly in line with the Indian economy.