BizDateUp, a startup ecosystem enabler, has launched Pulse Fund I, a ₹1,000 crore Category II Alternative Investment Fund (AIF). The vehicle comprises a ₹500 crore base and an additional ₹500 crore green-shoe option.
The fund will adopt a diversified investment strategy:
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50% in high-growth startups
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30% in profitable SMEs
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20% in select real estate projects
Pulse Fund I is structured as a 10-year close-ended fund (extendable by 2 years), with focus areas spanning AI, SaaS, fintech, healthtech, deeptech, defense, aerospace, gaming, EV mobility, green energy, and regtech. Notably, it will emphasize opportunities in tier-II and tier-III cities.
To ensure governance and investor confidence, the fund will incorporate financial, legal, and compliance checks, overseen by an NISM-certified fund manager.
Founded by Jeet Chandan and Meet Jain, BizDateUp has built a robust platform for entrepreneurs, having:
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Funded 25+ startups
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Raised a $10M fund previously
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Engaged 1,000 angel investors
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Delivered an average 3.5x return to backers in FY24
Looking ahead, BizDateUp plans to expand globally, with parallel funds in Singapore, the USA, and Dubai within the next 24 months — targeting over $1 billion in international capital for India’s innovation ecosystem.
Earlier in May 2023, BizDateUp Technologies acquired a 20% stake in Duro Green, an environmental impact startup in wet waste management.
By: Arushi Agarwal
