Cornerstone Ventures, a Mumbai-based venture capital (VC) firm, has recently unveiled its second fund, aiming for a substantial $200 million (approximately 1,667 Crores INR) target, which includes a flexible green-shoe option.
This fund caters to a diverse range of startups, particularly those in the early growth stages. With investment opportunities ranging from $5 million to $15 million, it adopts a multi-stage approach.
Focusing primarily on B2B tech prospects, the fund zeroes in on software platforms and marketplaces. These ventures span various sectors, including financial services, insurance, retail, consumer goods, e-commerce, distribution, supply chain, and healthcare products and services. Additionally, it remains open to sector-agnostic technological innovations.
The goal of the fund is to provide more than just financial support to entrepreneurs. It offers access to a wide network of potential customers from big businesses, opportunities for strategic funding from future investors, and a supportive community of mentors and partners to help bring ideas to market.
Moreover, Cornerstone Ventures, through this fund, is specifically looking to support budding companies in their early growth stages. They seek out those with the potential to make a significant impact on the way businesses operate in today’s fast-paced technology-driven world, fostering sustainable growth along the way.