On Wednesday a Delhi-based early-stage venture capital fund Kisho Capital launched a rolling fund that will support about 20 startups annually, investing up to Rs 1 crore in each entity.
An investor commits to a specific capital that they are willing to deploy through the fund, and infuses money in tranches as and when required by the fund. The rolling fund will give Kisho Capital the flexibility to raise a fraction of the total fund and start investing straight away, with quarterly/annual commitments from the investors.
