Ashish Dave, who previously led Mirae Asset Venture Investments, has announced the launch of Sanskrit Capital, a new venture capital fund aiming to raise between Rs 700 crore and Rs 1,000 crore. The fund will primarily invest in Series B and C startups, reflecting a growing trend of experienced investors establishing independent funds in the Indian startup ecosystem.Sanskrit Capital plans to focus its investments on sectors including fintech, consumer internet, logistics, healthcare, and enterprise artificial intelligence (AI). This strategic move comes as seasoned investors seek to leverage their expertise and networks to support the next wave of innovative startups in India.As the Indian startup landscape continues to evolve, the establishment of Sanskrit Capital underscores the increasing capital availability and interest in supporting high-potential companies. However, the specific details regarding the fund’s launch timeline and investor commitments remain unclear.
