Seedfund have announced an investment in Nevales Network, a Mumbai based startup.
We should see more funding coming from the seedfund kitty as the second fund of the Seedfund have seen 3.5 times higher i.e $54 million of total investment than the first fund. Coming back to the announcement, the start-up provides security services platform that is on-demand to connect securely.
The Company provides services to customers from various verticals, including education, healthcare, travel, finance, manufacturing, auto, among others and is looking at expanding it further. The company hopes to meet the target of 1lakh of the 35 lakh SME’s in India in the next five years.