AngelList India head Utsav Somani launches micro VC fund
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AngelList India head Utsav Somani has launched a micro venture capital fund which will invest in about 30-35 early-stage startups over the next 30 months. With a corpus of about $5 million, iSeed would be largely targeting companies in software as a service and technology. The portfolio startups would be provided with an average cheque of $150,000. AngelList had expanded its syndicate program to India in 2018.