Funding of 25 crore rupees to be provided by Paul Bros Consulting for startups led by women and at an early stage.

Paul Bros Consulting LLP has made an exciting announcement - the first close of its angel fund, the GrowUp Venture Fund. This early-stage investment fund, with a target corpus of Rs 25 crore, is focused on investing in high-potential, women-led, and early-stage startups.

The GrowUp Venture Fund aims to create a robust platform for collaborative value creation, offering long-term capital to innovative ventures demonstrating strong growth potential. The fund is registered as a Category-I Alternative Investment Fund (AIF) and has a structured tenure of 25 years.

The GrowUp Venture Fund is more than just an investment fund. It is a commitment to building sustainable businesses and contributing meaningfully to India's growth story. According to Paul D, Managing Partner of Paul Bros Consulting LLP, the fund has been conceptualised to identify and nurture the entrepreneurs of tomorrow.

The fund combines patient capital with deep ecosystem expertise, providing strategic guidance to the startups it invests in. To attract participation from seasoned angel investors, family offices, and veteran stakeholders in the startup ecosystem, the fund has roped in some notable figures.

Among them are Tom Alzin and Jannick Hunecke from Deutsche Beteiligungs AG (DBAG), who have led over 42 transactions exceeding 3 billion euros and have extensive expertise in mid-market investments in Germany. Helmut Leopold, Chairman of Gaia-X Hub Austria and Head of the Center for Digital Safety & Security at the AIT Austrian Institute of Technology, is also part of the GrowUp Venture Fund. Leopold connects European digital initiatives and has a strong background in digital transformation and cybersecurity.

In his statement, Paul D emphasised the GrowUp Venture Fund's commitment to sustainability, saying, "We are not just investors; we are partners in the growth journey of these startups. Our goal is to help them scale and make a significant impact on the Indian economy."

With a minimum investor commitment of Rs 15 lakh, the GrowUp Venture Fund is poised to play a crucial role in India's startup ecosystem, fostering the growth of women-led startups and driving the country's growth story forward.