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Utilis to raise Rs 100-crore fund for seed play

Utilis Capital Advisors, a seed investor, targets to raise a Rs 100-crore fund in next 18 months and make the first close in the next few months.

ET Bureau|
Last Updated: Feb 18, 2016, 01.06 PM IST|Original: Feb 18, 2016, 12.07 PM IST
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Utilis Capital Advisors, a seed investor, targets to raise a Rs 100-crore fund in next 18 months and make the first close in the next few months.
Utilis Capital Advisors, a seed investor, targets to raise a Rs 100-crore fund in next 18 months and make the first close in the next few months.
By Taslima Khan

BENGALURU: Utilis Capital Advisors, a new Bengaluru based seed investor, targets to raise a Rs 100-crore fund in the next 18 months and make the first close in the next few months.

The fund has applied for registration as an AIF Category-I Fund and will focus on early stage opportunities in tech startups only in Bengaluru, an official said.

Cofounded by eight professionals including Manishh Anand, chairman of consulting firm Kroc Flint & Candler that provides growth consulting services to startups and young companies, Utilis has a team of 20 people in the profile of startup founders and senior professionals.This team will vet deals and provide preand post-investment advisory.

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