Equirus, a financial services firm, has announced the launch of the Equirus InnovateX Fund (EIF), a $25 million investment vehicle dedicated to supporting seed-stage tech companies. Equirus InnovateX Fund aims to nurture visionary entrepreneurs and empower them to build ground-breaking solutions that will shape the future of various industries. Key investment themes for EIF include Software as a Service (SaaS), Deep Tech, Fintech, and other emerging sectors, with a primary focus on business-to-business (B2B) themes. The $500,000 to $1 million fund will be invested in 15-20 companies showcasing proven track record of sustainable business models, strong monetization strategies with capabilities of solving critical problems in large addressable markets.
“Post 2022, there has been a discernible shift in investment approach. We expect this recalibration in venture investing to continue. Capital deployment will remain cautious and favour sustainable business models with robust monetization potential. We believe that Equirus InnovateX Fund is more than just a financial investment; it’s a strategic partnership aimed at catalyzing innovation, fostering growth, and contributing to the success stories of the next generation of tech leaders. By combining financial backing with a wealth of experience, mentorship, and industry connections, EIF is poised to make a significant impact in the tech start-up ecosystem,” said Sunder Nookala, Early-Stage VC and Head Tech & Digital at Equirus.
Operated by Sunder Nookala and Sadhika Agarwal, EIF brings a wealth of knowledge and a solid investment track record to the table. The ethos of EIF extends beyond providing capital; the fund is committed to unlocking value for early-stage startup founders. Through strategic counsel, amplified governance, assistance in building exceptional teams, and a focus on building enduring, sustainable enterprises, Equirus InnovateX Fund seeks to empower entrepreneurs to successfully navigate the complexities of the start-up journey.
“EIF represents a unique opportunity to foster innovation in the tech sector. Our aim is not just investing capital but in being catalysts for the success of visionary entrepreneurs, helping them create sustainable enterprises that will shape the future. The talent pool in India coupled with a supportive ecosystem for tech, positions us well to nurture promising businesses that can compete at a global level,” said Sadhika Agarwal, Early-Stage VC at Equirus.
