V3 Ventures plans to invest 30 mn euros in Indian start-ups

London-based V3 Ventures on Tuesday announced that it will invest around 30 per cent of its EUR 100 million fund in early-stage start-ups in India in the next 12-18 months.

V3 Ventures, Co-Founder and Investment Partner, Arjun Vaidya said that the company plans to invest the rest of the fund in the US and Europe.

"India's economy is still growing rapidly and we are one of the fastest-growing economies in the world. In this macros environment - India has a unique advantage.

"Given this, we expect consumer and technology businesses to thrive in the foreseeable future. This allows us to identify and back entrepreneurs who are building strong, purpose-driven, scalable brands," he said.

Vaidya said that the VC will back good businesses and are very bullish about the opportunity India presents to the firm.

"We aim to invest roughly 30 per cent of the 100 million euro fund. We have a strong pipeline in place and believe in a concentrated strategy. We believe India is at the cusp of a ...