In a groundbreaking move, India’s Together Fund has announced the launch of its second fund, with an ambitious target corpus of $150 million. Founded in Mauritius in 2021 by Girish Mathrubootham, co-founder of Freshworks, Manav Garg, founder of Eka Software, and Shubham Gupta, formerly of Matrix Partners India, Together Fund is set to revolutionize India’s tech startup ecosystem.
With their first Fund already making waves in 2021 with a $85 million corpus, Together Fund is now reinforcing its commitment to bolstering global Software-as-a-Service (SaaS) and Artificial Intelligence (AI) startups while driving India towards becoming a true “Product Nation.”
The resounding success of Fund I garnered substantial interest from institutional investors in the US and Asia, fueling the launch of their much-anticipated Fund II.
Seeding the Future – A New Era for India’s Tech Entrepreneurs
With an astounding engagement of over 1,700 startups in just two years, Together Fund has emerged as a prominent supporter of innovation in India.
Their diverse portfolio includes over 20 exceptional founding teams, spanning horizontal SaaS applications like recruitment, sales intelligence, and marketing, and vertical SaaS companies in healthcare and trailblazing startups creating new categories, such as cloud for connected devices.
Nurturing Startup Talent Across India, from Metros to Tier-2 Cities
Together Fund’s visionary investments transcend geographical barriers, reaching startups in major tech hubs like Chennai and Bangalore and emerging ecosystems in tier-2 cities like Surat.
From first-time founders to seasoned entrepreneurs, their portfolio represents the best of India’s burgeoning tech talent, united in their pursuit of disruptive innovation.
Several startups within Together Fund’s portfolio, including Kula, Privado, Revenue Hero, Spendflo, Spry, and Toplyne, have already successfully raised follow-on funding from prominent global investors. This showcases the Fund’s keen ability to spot potential and support founders throughout their entrepreneurial journey.
India’s Together Fund stands at the forefront of nurturing SaaS and AI startups, propelling India’s tech ecosystem to new heights of success. With Fund II ready to set the stage for audacious founders and groundbreaking ideas, the world eagerly awaits the transformative innovations emerging from this dynamic partnership.
As the startup landscape in India continues to flourish, Together Fund’s unwavering dedication and visionary approach are poised to drive the nation toward a future brimming with technological advancements and global recognition.
Stay ahead of the curve and follow IndiaTechDesk on Facebook, Twitter and Linkedin for in-depth news of market trends, funding updates, and regulatory changes affecting startups in India.
Read More:
- Pine Labs Secretly Files Papers with the US Securities and Exchange Commission
- B2B E-commerce Startup Moglix Secures $250 million at a Valuation of $2.6 billion
- Emeritus Secures $350 million in a Debt Financing Deal from Canada Pension Plan Investment Board
- HireSure.ai, Bengaluru-based HRtech Platform Bags $2.5 million in Seed Funding
- Thrasio Style E-commerce Brands Aggregator GlobalBees Enters the Unicorn Club
