US-based Peesh Venture Capital launches its $50million fund For IndiaMarch 27, 2015 2015-03-27 8:03
US-based Peesh Venture Capital launches its $50million fund For India
Peesh Venture Capital (PVC), a US-based venture capital firm has launched PVCII of $ 50 million (301 crore) for early-stage investments in India.
PVC aims to build India technology ventures in the IoT and Mobile space to break through into a competitive global market and in doing so, be part of India’s transformation into an economic superpower.
Apart from the funding capital, the PVC portfolio companies will be able to leverage its operating experience, thought leadership, and deep global network of relationships across this range of high-value sectors.
The start-ups working with the PVC Accelerator will be able to avail financial, strategic, technical and operational mentorship, located in Bangalore and Gurgaon. PVC typically invests from $100,000 to $5,000,000 from PVC II in exchange for equity in growth stage companies that fit PVC’s investment criterion and PVC Accelerators invest $5,000-$100,000 in exchange for equity in start-ups that fit PVC’s investment criterion.