Chennai-Based Peaceful Progress Fund Eyes Innovation with INR 50 Cr First Close The fund plans to invest in 25+ startups over three years, focusing on AI, IoT, FMCG, EVs, drones, and spacetech across tech and non-tech sectors.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Freepik

Chennai-based SEBI-registered CAT-I Alternative Investment Fund (AIF), Peaceful Progress Fund, has successfully closed its first fund at INR 50 crore.

The fund, dedicated to co-investing in early-stage businesses across tech-enabled, consumer goods, and mobility segments, has already backed 22 startups. Notable investments include Zypp Electric, Garuda Aerospace, Bombay Shaving Company, Revamp Moto, Lissun, and Liger Mobility.

"The successful close of the Peaceful Progress Fund marks a key milestone for us. It reaffirms our commitment to empowering startups that redefine industries and tackle critical challenges. Our rigorous evaluation process and expert-driven strategy ensure every investment creates sustainable and innovative solutions," the General Partners stated.

The fund's leadership includes General Partners Srinivasan Arunachalam, Kamal Agarwal, Sitaraman Parthasarathy, and Chandrashekar Kupperi, alongside Venture Partners Govindarajan Srinivasan and Viswanath Ganapathy.

Looking ahead, the fund plans to invest in over 25 additional startups over the next three years. Its tech-enabled focus spans AI, ML, IoT, VR, and MR, while in non-tech, it emphasises FMCG startups operating on B2B, B2B2C, B2C, and D2C models. The mobility sector focus includes electric vehicles, drones, and spacetech.

With a strong investment pipeline, Peaceful Progress Fund aims to foster innovation and growth in India's dynamic startup ecosystem.

Entrepreneur Staff

Entrepreneur Staff

Editor

For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
News and Trends

Nikhil Kamath's WTFund Backs 22 Young Entrepreneurs with Grants & Mentorship

WTFund's second cohort, spanning 50+ cities, showcases startups across Tech, D2C, Edtech, Fintech, and more. Tier I drives AI/ML B2B solutions, while Tier II/III focus on vernacular-first B2C innovations.

Growing a Business

The 10 Best Podcasts Every Entrepreneur Should Listen to for Growth, Strategy and Success

Unlock your potential with the 10 must-listen podcasts for entrepreneurs, offering expert insights on growth, strategy and success.

Leadership

How Modern Leaders Can Cultivate a Growth Mindset in Their Teams

As people's New Year's resolutions begin waning, this article encourages leaders with some practical ways to support their teams and grow the company.

Science & Technology

The Artificial General Intelligence Revolution Is Coming — Here's What Every Leader Needs to Consider.

Here's what leaders need to know to shape an AGI world, ensuring it fosters progress, purpose and a future where technology enhances humanity.

Leadership

5 Key Principles for Successfully Attracting the Right Acquisition

The talent platform space is consolidating, here's what every entrepreneur can learn from its acquisitions.