Friday, October 7

Tag: kris gopalkrishnan

axilor fund: Axilor launches second fund of $100-million
Science

axilor fund: Axilor launches second fund of $100-million

Early-stage investor Axilor Ventures is launching its second technology fund - Axilor Technology Fund - II (ATF-II) - worth $100 million to double down on its investments in Indian startups while continuing its focus on seed opportunities. ATF-II is awaiting approval from the Securities and Exchange Board of India (Sebi), and expects to close by September-end. This comes as the eight-year-old fund - founded by former cofounders Kris Gopalakrishnan and SD Shibulal, along with other senior technologists - has deployed 90% of its first fund (ATF-I) worth Rs 200 crore by backing almost 54 companies. Axilor’s new fund comes at a time when overall funding in Indian startups has dipped to $6.9 billion in the April to June period compared with $11 billion in the previous quarter. Further, gl...