Cornerstone Ventures has announced plans to complete a $200 million fund by year-end, focusing on tech and Web3 developments.
Cornerstone Ventures Plans
Founded by Abhishek Prasad and Rajiv Vaishnav, Cornerstone Ventures plans to close a $200 million fund by the year's end in Mumbai to foster growth in tech markets. The firm's second fund targets sectors like Web3 and quantum computing, attracting investor attention amidst rising tech innovations.
Growth and Development
Since January, Cornerstone Ventures is advancing with its second fund from a $40 million launch, aiming for $200 million by December. The firm is led by Abhishek Prasad and Rajiv Vaishnav, focusing on tech business growth through investments in Web3 and quantum computing startups, offering flexible ticket sizes from $5 million to $15 million. The addition of Suresh Pareek as General Partner highlights group expansion and expertise enhancement.
Strategic Fund Deployment
Cornerstone Ventures' historical 2018 launch with a $50 million fund demonstrated commitment to innovative sector investment, primarily focused on B2B SaaS models. The firm's investments reflect broader trends favoring Web3 and quantum technology exploration, with analysts anticipating positive financial and technological outcomes.
Cornerstone Ventures' efforts underscore growing market confidence in tech innovations and their impact across industries.
