Rise Capital to Enter the Indian Startup Ecosystem

San Francisco-based Rise Capital announced its entry into the Indian startup ecosystem on Monday, appointing Anuj Mehta as India's head of investment and gradually expanding its business as it began to expand its capital.

Known for investing in emerging economies such as Latin America, the Mediterranean, North Africa, Southeast Asia, and Africa, Rise Capital will be investing in India through its global fund III. The company has already invested in two Indian startups, TradeX and SaveIn, in the fintech space.

India is already the third-largest startup ecosystem in the world, but Rise Capital has stated that India's growth story is still in its infancy and that significant further growth can be expected in the coming years. The VC fund said Indian tech startups will generate well over $1 trillion in market capitalization by 2030.

As Rise Capital continues to expand its business in India, the company said it aims to invest in early-stage startups and support potential winners in subsequent rounds.