The Sebi registered fund was founded by Amit Ratnapal in 2014 and invests in early stage startups in the fintech and edtech sectors.
Its portfolio includes the likes of Eduvanz, the Mumbai-based student loan facilitation platform, the edtech firm Imarticus Learning, and the 1Crowd crowdfunding platform.
Blinc Invest has distributed over Rs 300 crore across 25 companies to date through its two funds. The Fund-II has seen the participation of Indian and global limited partners (LPs who are sponsors of the fund) in various categories including high net worth individuals, family offices, corporations and institutional investors. “We focus primarily on pre-Series A funding and the average ticket size is around Rs 5 crore to Rs 20 crore,” Ratnapal told ET.
Through Blink Fund II, the VC Fund plans to make five to seven investments of Rs 10-20 crore each.
“The fund takes a co-founder approach by working closely with portfolio companies’ management teams to help them grow,” said Ratnapal. “We believe there is a great opportunity for edtech and fintech in India and our other funds in the future will also focus on this and we will continue to invest in pre-series A,” she added.
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In a slowdown in funding rounds in India, particularly in the edtech sector, Ratnapal said valuations are correcting and that Blinc Invest is also slowing its investments to analyze the market.
“Valuations are rebalancing and real companies will survive,” added Ratnapal.