1Crowd marks first close of its maiden venture fund at $3.5m

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Early-stage investment firm 1Crowd has announced the first close of its maiden venture capital fund at Rs 23 crore ($3.5 million). The fund is targeting a corpus of Rs 75 crore ($11.5 million) including a greenshoe option of Rs 25 crore. Founded in 2015, the Mumbai-based investor started off as an equity crowd funding platform. It now provides funding options from seed to pre Series A spectrum, incubation programs and virtual acceleration programs.

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