NuVentures, an early-stage venture capital firm, has introduced a $75 million fund to support startups with strong India connections.
The firm will focus on AI, SaaS, and consumer technology startups in India looking at the US market, or US-based startups with engineering teams in India.
NuVentures will invest in four to five startups annually, ranging from $250,000 to $750,000, and will provide market access and strategic value-adds in addition to capital.
The firm has expanded its team and will not charge a large management fee, allowing investors to select the startups they want to back.