Merak establishes a $100 million startup fund

30 Aug 2022 , 10:02 AM

Merak Ventures, an early-stage venture capital firm, announced the opening of a new fund on Monday with a $100 million target corpus. Over the next three to four years, the VC firm intends to invest in 18 to 20 firms.

Manu Rikhye and Sheetal Bahl, who cofounded Merak, will invest in B2B and emerging digital businesses. Although the fund will continue to be sector-neutral, it will actively explore certain investment themes, including insurtech, enterprise SaaS, and climatetech (which includes agritech, mobility, carbon, climate finance, and digital solutions).

In order to ultimately increase value for all stakeholders, the Delhi-NCR-based VC firm will also actively support strategy, business development, and financing by methodically employing wider networks of LPs, industry linkages, and fund relationships.

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