US-Based Venture Capital Firm, Peesh Venture Capital (PVC) has announced a VC fund ‘PVCII’ to support Indian Tech Start-ups. The $50 million fund would help the early stage companies in raising investments and focus on long terms and combined partnerships with small enterprises.
Start- from India’s Silicon Valley Bangalore and Gurgaon can avail the support from PVC fund.
Reports say that PVC invests from PVC II in exchange for equity in growing companies after the company fits in the preferred criteria.
According to reports, Peesh Chopra, MD, Peesh Venture Capital, said, “India is one of the most promising entrepreneurial place. Global internet giants have been seen keen in acquiring small companies from India in last few years.”
“The basic aim behind launching PVC II fund is that we are continuously looking at the opportunities to support new businesses across India. We have been for some passionate entrepreneurs to get supported with this fund.”