Mint | 29 August 2022
MUMBAI : Merak Ventures is raising its maiden fund with a target corpus of $100 million, founders of the a sector-agnostic, early-stage venture capital (VC) firm Manu Rikhye and Sheetal Bahl said in an interview. The fund will invest in 18-20 startups in the next three-four years.
Merak will back business-to-business (B2B) and emerging technology firms with seed money to help create sustainable businesses and use technology to solve real problems and create large-scale impact, they added.