Feb 23, 2016 On Our Blog

500 Startups Announces 500 Kulfi: $25M India Fund

Namaskar! We’re excited to announce our latest regional fund focused on India including Sri Lanka and Bangladesh. 500 Kulfi will be a $25M fund focusing on early stage companies with product-market fit and demonstrated traction. Although we’re sector-agnostic, we will take a closer look at FinTech, EdTech, Health & Wellness, Data Analytics, Content and SaaS/SMB. Why is India important to invest in? As Walter Thompson (500 Startups Journalist-in-Residence) recently noted, private equity investment activity in India was up 67% from 2014 to $21 billion. GDP is expected to grow at 7.6% this year, faster than any other large global economy. India has the second largest Internet population in the world after China, more than 300 million users. The number of smartphones …


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