Key Highlights
Ex E-commerce executives, Sanjay Ramankrishan, Bhushan Patil and Raveen Sastry have joined hands to back a new early-to-growth stage fund, Multiply ventures.
The founders of Multiply ventures have worked for giants such as Alibaba, Paytm and Myntra
The fund primarily will focus on investing with domestic consumption sector. Edtech, Retail and Fintech would be the areas that they will be focusing on.
Ex E-commerce executives, Sanjay Ramankrishan, Bhushan Patil and Raveen Sastry have joined hands to back a new early-to-growth stage fund, Multiply ventures. This fund has a target corpus of $50 million, with $10 million already been raised via investors. The founders of Multiply ventures have worked for giants such as Alibaba, Paytm and Myntra and have a treasure trove of experience between them. Their expertise will guide the start-up fund in investing in booming businesses across the country.
Sastry, Patil and Ramankrishan have worked with start-ups across India and China for over 2 decades. Sastry has co-founded Myntra whereas, Ramankrishan has worked for e-commerce mammoths such as Myntra and Flipkart. Apart from them, Patil has worked for Paytm and Alibaba.