Ryerson Futures Inc. & Chokhani Group To Launch $15 Million Fund In India

Canadian technology startup program Ryerson Futures Inc. and the Chokhani Group who are into various sectors like Infrastructure development, manufacturing, marketing, mining and more are launching a fund of up to USD $15 Million (Rs. 82.5 crores approx) to invest in early stage technology businesses connected to Zone Startups India.
ryerson chokhani
The fund will seek to invest between $50,000 (Rs. 27,50,000 approx) and $500,000 (Rs. 2,75,00,000 approx) in 10-15 start-ups every year.
“We are seeing many great startups come through Zone Startups India, (our Accelerator Program in Mumbai); launching a fund to help rapidly advance these startups is a logical next step now that we have been able to establish a strong network in India with our partners,” – Matt Saunders, President of Ryerson Futures Inc.
This fund will make investments in highly scalable technology startups who are part of the Zone Startups India accelerator, and also will seek to find new startups to bring in to the program.  The fund will be raising capital from both Corporates and other high net worth individuals.

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