High-profile entrepreneurs launch $85 million fund to back Indian SaaS startups

Four high-profile Indian entrepreneurs who are among those who kickstarted India’s SaaS journey, building and helping startups scale and win customers globally and also backed about 100 such firms, are ready for their next phase of participation in the country’s startup ecosystem.

The group — Girish Mathrubootham of Freshworks, Manav Garg of Eka Corporation, Shubham Gupta, formerly with investment firm Matrix, and Avinash Raghava, formerly with Nasscom, iSPIRT and SaaSBOOMi — said on Wednesday it has created a venture capital fund, called Together Fund, with an initial corpus of $85 million to back young Indian startups operating in the software-as-a-service space.

Together Fund is looking to back between 20

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