Indian Startup Times’ Post

Exciting News in Tech and Investments! Upekkha, the renowned SaaS-focused accelerator fund, has just announced a stellar first close of its new fund at an impressive $15 million, with leading support from WestBridge Capital. The total corpus of this dynamic fund is set to reach around $40 million, fueling investments in over 70 early-stage startups throughout 2024. Upekkha, a trailblazer in the SaaS and AI sectors, is strategically positioning itself to drive innovation and transformative growth in these dynamic fields. This milestone comes from Upekkha's successful $9 million fundraising round in February 2022. WestBridge Capital was pivotal in launching a groundbreaking rolling fund, the first of its kind in India's Alternative Investment Fund (AIF) landscape. Founded in 2017 by visionaries Prasanna Krishnamoorthy, Thiyagarajan Maruthavanan (Rajan), and Shekar Nair, Upekkha is not just a fund; it's a platform that mentors and trains SaaS companies, leaving an indelible mark on the startup ecosystem. Over the last six years, Upekkha has collaborated with over 250 Indian B2B SaaS founders, with its portfolio featuring industry disruptors such as API Platform, Almabase, Gimlet.ai, and Labellerr. With this fresh injection of capital, Upekkha is set to solidify its position as a catalyst for innovation in the SaaS and AI domains further. Stay tuned for a year filled with groundbreaking investments and technological advancements! https://lnkd.in/g3cEQMnT #Upekkha #SaaS #AI #TechInnovation #StartupInvestment #VentureCapital #BreakingNews #Technology #Investment #Entrepreneurship

Upekkha Accelerates Growth with $15M First Close on New Fund, Aiming to Propel SaaS and AI Startups.

Upekkha Accelerates Growth with $15M First Close on New Fund, Aiming to Propel SaaS and AI Startups.

https://www.indianstartuptimes.com

Prayag Arun

Everything Provider Network @MediAssist | Process driven sales & sales management leader | Learning & helping tech led product organisations scale business (not just sales) | Omnichannel marketing & CX evangelist

11mo
Like
Reply

To view or add a comment, sign in

Explore topics