NuVentures, an early-stage venture capital firm, has unveiled a $75 million fund to support AI startups with a strong India connection.
The fund plans to invest in four to five startups annually, with investments ranging from $250k to $750k.
NuVentures aims to connect startups with customers through its technology company NuWare, helping them gain market feedback and access to customers.
The fund's primary focus will be on AI, SaaS, and consumer tech startups, with a preference for those based in the US with engineering work done in India.