You can be on Entrepreneur’s cover!

Early Stage Venture Fund Equirus InnovateX Fund Announces its First Close With the goal of encouraging innovation in the tech startup ecosystem, EIF aims to make at least two investments in companies over the next month after securing the first closing.

By Entrepreneur Staff

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


An early-stage venture fund Equirus InnovateX Fund (EIF) has announced its first close within two months of securing an AIF (Alternative Investment Fund) Category-I license from the SEBI (Securities and Exchange Board of India). EIF made the Fund's launch announcement in January 2024.

Ex-Founder/Operator HNIs (High Net Worth Individuals) and UHNIs (Ultra High Net Worth Individuals) participated in the fund's first close.

The firm plans to make at least two investments in companies over the next month after securing the first closing.

Sunder Nookala, Early-Stage VC, and Head Tech and Digital at Equirus, said, "EIF's successful first close is a testament to the vibrant ecosystem of visionary founders and supportive investors. We are excited to leverage this momentum to identify and nurture the next generation of tech innovators, driving positive change across industries."

This year, EIF intends to make 15–18 strategic investments, building on the foundation of its INR 250 crore fund. With investments ranging from INR 4 to 8 crores, the investment topics and ticket sizes are still in line with EIF's earlier announcements, concentrating on fields like Software as a Service (SaaS), Deep Tech, Fintech and other developing industries.

In order to guarantee ongoing support for portfolio companies as they expand and scale, the fund also plans to set aside 30–40% of its capital for follow-on rounds.

Ankur Punj, National Sales Head at Equirus Wealth, added," There is a growing interest among High Net Worth Individuals (HNIs)/Ultra High Net Worth Individuals (UHNIs) and institutional clients in early-stage Alternative Investment Fund (AIF) strategies as a means of diversifying their portfolios and generating alpha in returns."

Entrepreneur Staff

Entrepreneur Staff


Business Solutions

Save an Extra 20% on the Ultimate Microsoft Bundle Featuring Windows 11 Pro, Office, and More

Pick up this package of popular Microsoft products for only a fraction of the price through April 16.

Business Solutions

Visualize Data for Better Business: MS Visio is $23.99 Through April 16

Set your team up for success with a reliable tool for creating organizational charts, diagrams, and more.

Business Solutions

Handle In-House Projects More Efficiently with MS Project Pro — Just $24 Through April 16

It's designed to help teams stay on task with features like management templates, timesheets, generators, and more.

Business Solutions

Scan Easier and More Affordably with This 20% Discount

iScanner is a mobile app that makes document management, editing, and sharing easier.


Save Big and Get This Pro Collage App for $39.99

Edit, adjust, and create collages in seconds.

Science & Technology

These Are the Top 6 AI Threats to Your Business Right Now

The modern workforce is forever changed by artificial intelligence. If you fail to understand that we will all need to learn AI to some degree, you haven't been paying attention.