The Indian startup ecosystem is evolving at a rapid pace and the latest move of Enlighten Angel Fund is highly promising with respect to boost early-stage entrepreneurs. It has rebranded to Enlighten Capital Micro VC and has also launched a ₹200 crore startup fund.
The development is noteworthy as it reflects a structured approach to investing. Its move is backed by a good network of limited partners and angel investors. It has so far syndicated more than 10 startup investments in the past two years. Enlighten Capital Micro VC is trying to currently position itself as a key player in the venture capital space.
Managing Partner Koushik Shekar said that they believe in the transformative power of startups as this will shape the future of India.
The year 2024 is recorded a modest 6% rise in total funding compared to 2023 and has reached to $11.3 billion. The number of funding rounds dropped significantly and seed-stage funding took a 22% hit. However, early-stage funding showed a slight uptick of 2.09% and it highlights that the investors still see potential in young startups.
Unicorns also made a quieter comeback this year. Six new unicorns emerged in 2024 and it was of course a notable rise from two in 2023. However, the figure was 24 in 2022.
The move of Enlighten Capital stands out as it is also about making thoughtful investments to define the future of Indian innovation apart from funding. Startups in emerging tech like EVs and smart manufacturing are trendy sectors and they are areas where India has the potential to lead globally.
Enlighten Capital Micro VC is betting on a brighter future and if its vision aligns with the ambition of India’s entrepreneurs.
