Startup Networking Platform SCOPE Launches 'USD 45 Million Venture Capital Fund' for Fintech and Gaming Startups
Fintech and Gaming are not just industries; they are dynamic ecosystems driving global change. With SCOPE’s VC, we aspire to be a catalyst for startups with audacious visions, providing the support they need to redefine the future,” said Appalla Saikiran, Founder and CEO of SCOPE.
New Delhi, December 26: SCOPE, the invite-only startup networking platform, on Tuesday launched a venture capital fund worth $45 million, focused on fintech and gaming sectors. SCOPE’s VC arm will operate as an independent entity to identifying, nurturing, and accelerating groundbreaking startups that demonstrate exceptional promise and disruptive potential.
The VC arm will actively scout for startups demonstrating innovative solutions, disruptive technologies, and the potential to redefine industry norms within Fintech and Gaming. “Fintech and Gaming are not just industries; they are dynamic ecosystems driving global change. With SCOPE’s VC, we aspire to be a catalyst for startups with audacious visions, providing the support they need to redefine the future,” said Appalla Saikiran, Founder and CEO of SCOPE. BharatPe Records 182% Revenue Growth in FY23, While EDBITDA Loss Cut by Rs 158 Crore: Report.
The venture capital arm will provide strategic funding to promising startups, fostering their growth and enabling them to scale their operations. By leveraging Scope's vast resources and networks, SCOPE’s VC aims to catalyse the growth of portfolio companies, positioning them for long-term success. Elon Musk’s Grok AI More Expensive Than ChatGPT Plus, Cost Less When Subscribed to X Premium+ From Desktop: Report.
The venture capital arm will actively seek partnerships with visionary entrepreneurs, empowering them to redefine the landscape through cutting-edge technologies and transformative business models. SCOPE has partnerships with more than 20,000 angel investors, over 7,000 VCs, 200 family offices and facilitation of funding for more than 400 startups.
(The above story first appeared on LatestLY on Dec 26, 2023 01:06 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).