Why NY fund Falcon is encircling India’s startup space

Venture Capital June 06, 2019 (0)

The VC fund is on course to close about half a dozen deals in areas ranging from artificial intelligence AI to urban mobility to financial technology.

Falcon Edge Capital is emerging as one of the most active investors in India’s startup’s space. The New York-based fund is on course to close about half a dozen deals in areas ranging from artificial intelligence AI to urban mobility to financial technology, over half a dozen entrepreneurs and venture capital executives told TOI. While known as a hedge fund, Falcon Edge makes long-term bets through its venture capital and private equity funds in India and may increase its exposure nearly four times in the next 2-3 years to $2 billion, according to the sources cited earlier.

For starters, it is in talks to lead a $70-80 million round in dockless two-wheeler rental platform Bounce, which is also backed by top investors like Accel and Sequoia Capital, said the sources mentioned above.