A new Rs 50 crore fund has been launched by Peaceful Progress, an angel investment firm that specialises on early-stage investments in startups.
This Category-I Alternative Investment Fund (AIF), registered with SEBI, intends to contribute roughly Rs 3 crore to each company.
Peaceful Progress, led by Chandrashekar Kupperi, Kamal Agarwal, and Sitaraman Parthasarathy, has already invested in four companies after receiving SEBI approval in February of this year.
Peaceful Progress New Fund to focus on Consumer and Tech Industries
For investment prospects, Peaceful Progress is primarily focused on the consumer and technology industries. Fintech, healthtech, edtech, foodtech, consumer tech, D2C, and EVs are some of the industries it is examining.
The four startups that Peaceful Progress has invested in are edtech startup Expertrons, fintech Kredily, EV startup Sheru, and tech entity Infilect.
Chandrashekar Kupperi, General Partner, Peaceful Progress, said, “We are excited with the four investments to date. To our investees, we offer support and guidance, lend expertise, and [provide] access to a wide network for growth, in addition to funds. We are thankful to our investors for their patronage [and] are roping in more to join us on our journey.”
