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Seedfund may raise $30 million in second fund

Seedfund, an early stage venture capital fund that looks to invest around Rs 1-5 crore in media, mobile, internet, retail and consumer-facing businesses, is looking to raise its second fund with a corpus of $30 million.

Seedfund is founded by Pravin Gandhi, Bharati Jacob and Mahesh Murthy. Seedfund’s investors include Google, Reliance ADA Group, Motorola, Sierra Ventures and Mayfield.

Seedfund, an early stage venture capital fund that looks to invest around Rs 1-5 crore in media, mobile, internet, retail and consumer-facing businesses, is looking to raise its second fund with a corpus of $30 million.

Seedfund is founded by Pravin Gandhi, Bharati Jacob and Mahesh Murthy. Seedfund’s investors include Google, Reliance ADA Group, Motorola, Sierra Ventures and Mayfield.

Seedfund’s first fund, with a corpus of $15 million, has almost been invested fully, reports Business Standard. The first fund has made investments in around 10 companies including Afaqs.com, RedBus.in and CarWale.com.

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