₹50Cr Peaceful Progress Fund to Support 25 New Early-Stage Startups

January 30, 2025: Peaceful Progress Fund, which invests in Early-stage Technology-led and Consumer businesses closed its first fund at Rs 50 crore. The fund which claims to have a strong pipeline of high-potential startups, targets to fund over 25 additional startups over the next three years.

The Chennai-based SEBI-registered CAT-I Alternative Investment Fund(AIF), has invested in 22 startups across industries including Zypp Electric, Garuda Aerospace, Bombay Shaving Company, Revamp Moto, Lissun, Liger Mobility, Supply6, Zomoz, Tessol, CargoFL, and Wellversed, the company said.

Peaceful Progress Fund to invest in Sustainable , Innovative Solutions

The General Partners in a statement stated “The successful close of the Peaceful Progress Fund marks a key milestone for us. It reaffirms our commitment to empowering startups that redefine industries and tackle critical challenges. Our rigorous evaluation process and expert-driven strategy ensure every investment creates sustainable and innovative solutions.”

The General Partners of the fund include Srinivasan Arunachalam, Kamal Agarwal Sitaraman Parthasarathy and Chandrashekar Kupperi, and Venture Partners Govindarajan Srinivasan and Viswanath Ganapathy.

Peaceful Progress Fund focus areas are in the tech-enabled domain such as AI, ML, IoT, VR, and MR. In the non-tech sectors, it seeks to invest in FMCG startups operating on B2B, B2B2C, B2C, and D2C models, and mobility including electric vehicles, drones and spacetech.

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