Utthishta Yekum Fund, a seed fund, has invested Rs 75 lakh in Smarter SMB, Scanova and Rapport. The fund generally invests Rs 20-25 lakh in a start-up, besides helping it learn the art of building a company.
“We usually invest up to Rs 25 lakh in a firm. But this could go as high as Rs 1 crore case by case,” P Ramakrishna, Chief Executive Officer of Utthishta Yekum, told BusinessLine.
Smarter SMB helps entrepreneurs track, measure and grow their business using their smart phones. The second firm Scanova is a QR code management tool, while the third start-up Rapport provides a enterprise productivity and engagement platform for sales teams.
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