Early stage VC IvyCap Ventures announces final close of third fund at Rs 2,100 crore

Early stage venture capital firm IvyCap Ventures, which backed startups such as BlueStone, Purplle and Biryani By Kilo, has announced the final close of its third fund at Rs 2,100 crores.
Through this fund, the firm plans to invest in about 25 early-stage startups, with average starting investment amount ranging from Rs 30-50 crore. It has already deployed 40% of the capital from the third fund to startups such as Dhruva Space, Snitch, Celcius Logistics, GradRight, Eggoz and Flexifyme.