Dark
Light
Today: May 26, 2024
January 10, 2024
1 min read

Nikhil Kamath Pioneers Collective Artists Network: Rs 150 Cr VC Launch

TLDR:

  • Nikhil Kamath, co-founder of Zerodha, has launched Gruhas Collective Investment Fund in collaboration with talent management and influencer marketing firm Collective Artists Network.
  • The fund has an initial investment of Rs. 150 crore and will focus on consumer brands in sectors like fashion, lifestyle, health and wellness, coffee and beverages, personal care, and food services.
  • The fund is looking to invest up to a million dollars in early-stage companies and has already locked in its first five investments, including a sexual wellness company and an innerwear brand.
  • Kamath and Collective Artists Network CEO Vijay Subramaniam are underwriting 30 to 35 percent of the fund themselves.
  • The fund aims to bridge the gap between Bengaluru and Mumbai and remove intermediaries for distribution through technology.
  • Kamath believes in the long-term growth of the Indian economy and sees the fund as a means of facilitating that growth.

Nikhil Kamath, co-founder of Zerodha, has launched Gruhas Collective Investment Fund in collaboration with talent management and influencer marketing firm Collective Artists Network. The fund has an initial investment of Rs. 150 crore and will focus on consumer brands in sectors like fashion, lifestyle, health and wellness, coffee and beverages, personal care, and food services. Kamath and Collective Artists Network CEO Vijay Subramaniam are underwriting 30 to 35 percent of the fund themselves. The fund aims to bridge the gap between Bengaluru and Mumbai and remove intermediaries for distribution through technology. Kamath believes in the long-term growth of the Indian economy and sees the fund as a means of facilitating that growth.

Previous Story

Empowering African Startups: Seedstars Africa Ventures Secures $30M EIB Investment

Next Story

Breaking News: SQIM Secures Massive €11M in Funding

Latest from Blog

Go toTop