Mumbai-based leading venture capital firm BLinC Invest announced the final closure of BLinC Fund II, a SEBI-registered fund, on April 27th 2022. Having received strong interest and commitment from several Indian and global investors, including HNIs, Family Offices, Corporates and Institutional Investors, the Fund has been oversubscribed. Additionally, the fund sponsors have committed over 8% of the fund against the regulatory requirement of 2.5%.
Last year in April, BLinC Invest announced the launch of a ₹100-crore SEBI registered Category-II Alternative Investment Fund (AIF) and its first close of ₹30 crore. The Fund has also made its first investment in an Insurtech startup, Vital, and led its series A round.
As India witnesses over 10,000 unfunded companies across EdTech & FinTech industries, BLinC Fund II primary objective is to invest early and help them achieve future scale. The company has structured simple criteria to chart out startups for funding- it will offer investment assistance to all early-stage Indian EdTech and FinTech companies with a ready product, 2 Crore+ revenue and multiple market validation. These firms must also show evidence of market potential (at least $1Billion) and an ability to have global dominance.
On the back of BLinC Fund II, the company strives to make 5-7 investments in the range of INR 10-20 Cr. The Fund takes a co-founder approach with its investments by working very closely with the portfolio company management teams to help them scale. The Fund will also leverage the rich industry experience of its advisory board to empower the portfolio companies to make informed investment and management decisions.
The Founder and MD of BLinC Invest, Amit Ratanpal, said, “We take immense pleasure in offering our extended help by way of funding as well as expertise to both edtech and fintech sectors as they are undoubtedly the backbone of the Indian economy. Technology has emerged to be the key enabler to the success of these early-stage companies, and we believe these two sectors show the most potential from a perspective of scale and profitability in light of the monumental positive impact that they have on their users and their lives.”
BLinC Invest team boasts 60 years of enriched expertise in the industry. It has successfully invested over INR 300 Cr in leading 25 companies to help them build products and scale their member base. The company has also founded eight businesses with eight prominent exits.