TLDR:
- Cornerstone Ventures has launched a $200 million fund to invest in B2B enterprise-tech startups.
- The VC firm is focusing on early-growth stage and scaled startups in sectors such as finance, retail, healthcare, distribution, consumer goods, and e-commerce.
Mumbai-based VC firm Cornerstone Ventures has introduced its second fund, aiming to invest $200 million in B2B enterprise-tech companies. The firm, known for specializing in early-growth stage investments, is looking to allocate $5 million to $15 million in a mix of startups. Mainly targeting sectors such as finance, retail, healthcare, distribution, consumer goods, and e-commerce, Cornerstone Ventures aims to support emerging B2B tech prospects. Managing Partner Abhishek Prasad expressed the company’s vision of backing significant value creators in the space of ‘next generation enterprise technologies.’ The first fund of Cornerstone Ventures, launched in 2019 with investments in 21 B2B enterprise SaaS companies, yielded a growth multiple of over four times within four years. The upcoming fund is set to onboard various large institutional investors, marquee backers, founders, and business leaders to support new investments. Notable portfolio companies of Cornerstone Ventures include Dealhub, Gravitas.io, DBMaestro, and Squaretalk.
