From the announcement made today, Venture partners Stellaris had completed the first close of its $100 million of its maiden fund. Contributions to the Indian tech startups come from corporate companies like Infosys, entrepreneurs from family offices in the US, Europe, and Asia as well as other financial institutions.
 
The main objective behind this is to build the network with the invested money. More than 50 entrepreneurs, as well as business professionals in India and abroad, will be benefitted by this contribution. This fund is run by Ritesh Banglani, Alok Goyal, and Rahul Chowdhri, former Helion Venture Partners executives, who will be focusing on series A stage investments. 
 
Local language online services, technology led financial inclusion, supply chain networks, global software as a service (SaaS) and also machine learning applications will be emphasized more.
 
Stellaris already made two series A investments, which includes Wydr, a mobile marketplace for business. Taxiforsure co-founders Raghunandan G., Aprameya Radhakrishnan, Indify Founder Alo Mittal, Capillary Technologies Founder Aneesh Reddy and Neeraj Agarwal, India head of the Boston Consulting Group are included in this network.  

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