Mumbai — LC Nueva AIF, a sector-agnostic early-stage fund, has raised Rs 50 crore from the Small Industries Development Bank of India (SIDBI). The fund was launched in 2022 by Lighthouse Canton and Nueva Capital.
LC Nueva AIF will invest in early-stage startups with a focus on technology-enabled businesses. The fund will target startups that are developing innovative solutions in the areas of financial technology, healthcare, education, and logistics.
“We are excited to partner with SIDBI,” said Ashish Aggarwal, managing partner of LC Nueva AIF. “SIDBI’s investment is a validation of our investment thesis and our track record of investing in early-stage startups.”
“We are confident that LC Nueva AIF will be a successful fund,” said Rakesh Khandelwal, managing director of SIDBI. “The fund has a strong team with a proven track record of investing in early-stage startups.”
The investment in LC Nueva AIF is a sign of the growing interest in the early-stage investment space in India. The sector is expected to grow at a CAGR of 20% in the coming years, and LC Nueva AIF is well-positioned to capitalize on this growth.
Here are some of the benefits of investing in LC Nueva AIF:
- Access to a strong team: LC Nueva AIF has a strong team with a proven track record of investing in early-stage startups.
- Dedicated support: LC Nueva AIF provides dedicated support to its portfolio companies.
- Network of investors: LC Nueva AIF has a network of investors that can provide support to its portfolio companies.
LC Nueva AIF is a good option for investors who are looking to invest in early-stage startups. The fund has a strong team, a dedicated support system, and a network of investors.