Investors are once again attempting to establish a synergy between Indian and US startup ecosystem. This time, it is not related to just funding but incubation and aimed at facilitating the cross-border growth of startups.
In a bid to facilitate cross-border growth of startups, early-stage venture capital firm Blume Ventures has teamed up with two US-based funds to launch a B2B (business-to-business) accelerator platform-cum fund.
Focussed on facilitating a faster global transition to Indian B2B startups, Arka will provide seed and pre-seed funding of upto $200,000 along with infrastructural support, mentorship, and access to the Silicon Valley ecosystem.
Arka Ventures Labs is anchored by Blume, Benhamou Global Ventures (BGV) and Emergent Ventures. It will provide seed and pre-seed capital of up to $200,000.
Mumbai-based early-stage tech-focused venture fund, Blume Ventures (Blume), is all set to launch venture capital fund exclusively for B2B (business-to-business) startups in India. For this, Blume has partnered with two US-based venture firms – Silicon Valley-based Benhamou Global Ventures (BGV) and Emergent Ventures, who will contribute to the fund.
This platform is only open to B2B startups that have a MVP product with a strong potential in the US or European region, backed by strong core technology and economic differentiators.
Early-stage venture capital firm Blume Ventures has teamed up with two US-based funds to launch an accelerator-cum-fund platform to invest in business-to-business startups in India.
Arka Venture Labs will start off with a corpus of about $6 Mn (INR 40 Cr) with all three funds anchoring the investment
The new accelerator platform-cum-fund, Arka Venture Labs that will start off with a corpus of about Rs 40 Cr ($6M), will provide seed and pre-seed capital of up to $200K, besides mentor-ship, infrastructure and access to the Silicon Valley ecosystem.