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India's Axilor Ventures launches $100m fund to back startups

Company started as technology incubator program in 2014

India's Axilor Ventures has launched its second fund, pushing to raise $100 million. (Source image from Axilor Ventures YouTube)

NEW DELHI -- India's Axilor Ventures has launched its second fund, Axilor Technology Fund II (ATF-II), looking to raise $100 million as it continues to focus on seed funding opportunities in the country.

Axilor, which started as a technology incubator program in 2014, moved to early stage investing in 2018 with the launch of its 2 billion rupee ($25 million) first fund. The first fund has invested in 54 startups, of which 21 have already raised their Series A round and beyond.

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