BLinC Fund II’s plans to invest in early-stage Indian Edtech and fintech companies with a ready product at the startup stage, and help them achieve future scale. The plan is to include investment aid , Rs 2 crore+ revenue and multiple market validation. However, the potential startups must also demonstrate evidence of market potential (at least $1 billion) and an ability to have global dominance.
BLinC Invest, Founder and Managing Director Amit Ratanpal, stated, “We take immense pleasure in offering our extended help by way of funding as well as expertise to both edtech and fintech sectors as they are undoubtedly the backbone of the Indian economy. Technology has emerged to be the key enabler to the success of these early-stage companies, and we believe these two sectors show the most potential from a perspective of scale and profitability in light of the monumental positive impact that has on their users and their lives.”
BLinC Fund II announces final closure of the Rs. 100Cr Fund
Earlier in the week gone bye, BlinC declared the final close of BLinC Fund II, which is a SEBI-registered fund, on April 27, 2022. In the previous year in April, the firm announced the launch of a Rs 100 crore SEBI registered Category-II Alternative Investment Fund (AIF) and its first close of Rs 30 crore. The fund has also made its first investment in an Insurtech startup, Vital, and led its Series A round.
BlinC received strong interest and commitment from several Indian and global investors, including HNIs, Family Offices, corporates and institutional investors, the fund claims to have been oversubscribed. Additionally, the fund sponsors have committed over 8 percent of the fund against the regulatory requirement of 2.5 percent, stated the company in a statement.
India is witnessing the journey of over 10,000 unfunded companies across edtech and fintech industries,
On the back of BLinC Fund II, the company hopes to make five to seven investments in the range of Rs 10 crore to Rs 20 crore.
BLinC Invest has invested over Rs 300 crore in leading 25 companies to help them build products and scale their member base. The company has also founded eight businesses with eight prominent exits.
