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Beams Fund to invest $150-200 mn in growth stage-focused fintech companies over the next few years

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Beams Fintech Fund (Beams), India’s first and only growth stage-focused fintech fund, plans to invest $150-200 million in over a dozen innovative Indian start-ups over the next three to five years. The $100 million fund launched earlier this year, proposes to invest $ 8-10 million in Series B and C rounds of fintech companies.

Backed by banks, NBFCs, fintechs, marquee fintech founders, family of f ices and UHNIs from India, Beams actively follows a co-investment model that allows its investors to pump in around $50-70 million more alongside the fund.

Beams has already begun its innings by investing in millennial-focused neobank Niyo Solutions Inc last week, alongside Accel and Lightrock India. Founded by veterans in banking and technology — Vinay Bagri and Virender Bisht— Niyo fits perfectly within the fund’s investment strategy of investing in fast-growing, high-quality, growth-stage fintech companies backed by marquee founders.

“We are thesis-driven investors and have identified 36 sub themes within the fintech space. We spend a considerable amount of time…

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