WaterBridge Ventures has raised $150 million for its Fund II

Beginning phase VC firm WaterBridge Ventures has raised $150 million for its Fund II, half more than the arranged size, owing to elevated investor interest in view of unrivaled development of the Indian startup biological system.

The final close has drawn near a year for the firm which reported its first close in 2020. The fund, that has upheld organizations like Atlan, Bijnis, CityMall, Chalo, DoubtNut, Magicpin, PocketPills and Unacademy among others, presently has a complete AUM of more than $250 million.

Dispatched in 2017 by Manish Kheterpal and Ashish Jain, WaterBridge plans to make 25 investments in seed to Series A phases with check sizes ranging from $500,000 to $3 million, and back its portfolio winners with additional capital in ensuing rounds from its Fund II resources.

The investment market of India has grown up particularly throughout the most recent 10 months. Simply in 2021, more than $30 billion of funding is going to fuel new companies in India and 39 new unicorns have been created up until this point.