SCOPE, the exclusive invite-only networking and fundraising platform for startups, has launched a $50 million venture capital fund under its investment banking arm, SCOPE VC. The fund will invest in high-potential fintech and gaming startups from India and the US.
The average deal size would vary from $500K to $2 million per startup, targeting early-stage ventures.
In addition to providing financial backing, SCOPE VC plans to adopt a Y Combinator (YC) style cohort model, offering selected startups mentorship, corporate connections, and strategic resources. This will create a one-stop shop for founders, enabling them to access everything they need to scale their businesses efficiently.
SCOPE VC also announced plans to launch a $20 million angel fund within the next three months. This fund will target even earlier-stage startups, offering them the capital and guidance needed to take their first big steps.
The angel fund will be modelled on the concept of Village Global – an early-stage venture firm with a network of 400 founders globally such as Jeff Bezos, Bill Gates, Michael Dell, etc.
“Fintech in India and gaming in the U.S. are showing tremendous growth, and we believe there is a significant opportunity to invest in startups that will define the future of these industries,” said Appalla Saikiran, Founder & CEO of SCOPE.
“We are bullish about the potential of fintech in India and the gaming sector in the U.S. These industries are not just growing; they are transforming the way we live, work, and interact with technology. Through this fund, we aim to empower visionary entrepreneurs who are building the next wave of innovation,” added Saikiran.
“Our goal is not just to fund startups but to create a robust ecosystem where founders can thrive. We plan to build cohorts of startups and provide them with access to mentors, corporate partners, and other resources they need to succeed,” Saikiran explained.
“Our ultimate success marker is not just financial returns but the ability to create a thriving ecosystem for startups. We want to be the go-to platform for founders, offering everything from capital and mentorship to strategic partnerships,” said Saikiran.
