247VC has launched its maiden fund to invest in early-stage startups in India, while Nazara Technologies has acquired UK-based Curve Digital Entertainment Ltd.
247VC floats $23m early-stage fund
247VC, a venture capital firm, on Tuesday announced the launch of its maiden fund, India Fund I, to invest in early-stage startups in the country. The fund has a target a corpus of nearly $23.3 million (Rs 200 crore), with the option to raise an additional Rs 50 crore.
Founded by Yagnesh Sanghrajka and Shashank Randev, 247VC is registered with SEBI as a Category II AIF and plans to invest in 30 startups over the next three years across the consumption, deeptech, and enterprise tech sectors.
“India is entering its most exciting startup decade. With this fund, we’re doubling down on our mission to back ambitious founders at the seed stage—those who are obsessed with solving hard problems and building for scale,” said Yagnesh Sanghrajka, founder and Managing Partner, 247VC.
247VC’s founders have backed startups including Knight Fintech, EMO Energy, abCoffee, Zeron, Vodex, Stupa Sports Analytics, Spare8, 50Fin, Wrap2Earn, Breathe ESG, Roopya, Arthum, Bugbase, Hummsa Bio, ThinkMetal, Luzo, Coolberg, and others.
Nazara buys Curve Digital for $29m
Gaming company Nazara Technologies has fully acquired Curve Digital Entertainment Ltd, a UK-based publisher of PC and console games, for nearly $29 million (Rs 247 crores).
The acquisition is aligned with Nazara’s ongoing efforts to strengthen its global publishing capabilities and follows a series of similar strategic transactions executed over the years, it said in a statement.
Curve’s publishing capabilities in the PC and Console space and its diverse portfolio will accelerate Nazara’s global ambitions and enable cross-platform IP development with long-term value creation, it added.
“Curve’s proven expertise in PC and console publishing makes them an ideal partner as we expand our focus beyond mobile into high-quality, cross-platform gaming. Curve will also serve as a gateway to the world for Indian game developers,” said Nitish Mittersain, CEO of Nazara Technologies.
