Udit AgarwalFalcon Edge Capital is one of the new active investors in India startup sector and is about to close some of the various deals in the AI, financial technology and urban mobility sectors, according to the report which has been revealed.
Falcon Edge also seeks out some of the potential investment opportunities which even makes its best with the venture capital and private equity funds.
For much more instance, it is also in talks with a two-wheeler rental platform, Bounce, for around $70-$80 Million, which has also attracted investment from the Sequoia Capital and Accel partners, AI retail startup Vue.ai and a technology startup called the Locus is also in the list of the Falcon Edge, where it will be funding around $5-$10 Million each.
Falcon Edge, which is also known by the name a Hedge Fund, also has some of its stakes in the National Stock Exchanges and JM Financial. It has around $4 Billion in assets under the Management.
Indian startups have also secured around $10.1 Billion of funds in the year 2018 more than $10.4 Billion in the year 2017, data revealed. This is also more than $4.3 Billion secured in the year 2016.
The company is also scouting for the startups picking up their pace and in segments like the AI and environment. It also closed deals recently with the DealShare and CreditVidya, which even provides with alternate data based on the credit scores.
Source: Pexels