With an initial investment corpus of ₹50 crore, the company will not only provide angel funding and venture capital, but also business opportunities, industry contacts and mentorship.
The fund will invest in start-ups at all stages of the development cycle, including early-stage ventures focussed on creating value in the real estate and smart city space in India.
Lodha Developers managing director Abhishek Lodha said: “our fund’s philosophy is in line with Prime Minister Narendra Modi’s three core campaigns—Startup India, Housing for All and demonetisation. The real estate sector is unarguably an important sector for India’s economy, being the second- largest employer in the country after agriculture. As India ushers in a new era on the back of path-breaking policy changes such as demonetisation, Real Estate (Regulation and Development) Act and GST, the sector too will reap benefits in the long run…Our fund will address the prevailing inefficiencies in the sector with the use of technology and smart solutions.”1
According to Dealstreetasia.com , Lodha said, “2-3 business ideas have been already vetted and the first round of investments will be completed by March 2017. We are committed towards progress of the sector and will be constantly on the lookout for new opportunities, In the first phase, the company will not only provide angel funding or venture capital, but also business opportunities, industry contacts and mentorship”2