Startups

Tomorrow Capital earmarks Rs 200 crore fund for startups

Read more at telanganatoday.com

The Mumbai-based company said it has also led a Rs 47 crore series A round in global education platform, Leverage Ed-tech.

By   |  Published: 24th Feb 2021  6:24 pm

New Delhi: Tomorrow Capital on Wednesday said it is scouting for investment opportunities and has set aside Rs Rs 200 crore that will be deployed over the next 12 months.

The Mumbai-based company said it has also led a Rs 47 crore series A round in global education platform, Leverage Ed-tech. This is Tomorrow Capital’s second investment in the education space within a month after BeyondSkool.

“Tomorrow Capital focuses on helping consumer start-ups with long-term capital, operational support, industry networks, and access to resources,” Tomorrow Capital Chief Executive Officer Rohini Prakash said.

On the investment in Leverage Ed-tech, Prakash said the company looked at the education space as one where large home-grown consumer brands will drive the market for the long term.

Previously, Tomorrow Capital had invested $2 million in BeyondSkool, a live, online co-curricular upskilling academy for children.

Including the latest investment, Tomorrow Capital has invested nearly Rs 100 crore over the last three years in five early-stage start-ups. The other investments are in Bonito Designs (tech enabled home interior design and execution firm) and Multiliving Technologies, a home management platform. Tomorrow Capital recently exited from ZenoHealth (previously Generico) – a pharmacy chain selling low-cost generic drugs, at an over 7x return in just 2 years.

Read more at telanganatoday.com

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