The leading investment company Iron Pillar is reportedly raising $400 million to support and help tech startups in India.
Iron Pillar is a micro venture capital company in India which was established back in 2015 by Anand Prasanna, Ashish Shah and Mohanjit Jolly.
Additionally, Deal Street Asia sources says, the investment company is already in contact with limited partners to raise around $400 millions in its second fund.
Moreover, the firm’s investment companies include Testbook.com, Freshtohome, Uniphore, NowFloats, Vyome Therapeutics, SEDEMAC Mechatronics, Servify, and Bluestone.com.
Altogether, Iron Pillar has invested in 11 investments till now. And the last investment was made on January 8, 2020. Moreover, India is reportedly to have over 250 unicorns by 2025, according to the reports of Iron Pillar.
However, Iron Pillar has raised two funds, where it closed its first $90 million funds in 2018 and raised $45 million for its second funds.
Also, India has developed as the world’s third largest startup ecosystem in the world, after the US and China. The country currently has more than 100 unicorns.
In 2021, Indian startups raised $42 billion across 1,583 deals, resulting in 42 unicorns.
Moreover, Lightspeed India Partners is coming up for raising $500 million for funds whereas Matrix Partners India is aiming to raise $450 million.
