Venture capital firm IvyCap Ventures has raised the first tranche of Rs 300 crore in its Rs 600-crore IvyCap Fund 2, which was launched last October. The fund saw the participation of five of the 15 existing institutional investors of IvyCap. As a part of the IvyCap Ventures Initiative, we will invest in 25-30 startups in the next two years, in sectors like healthtech, IoT, machine learning, Artificial Intelligence, edtech and agritech." Last December, IvyCamp had partnered with Society for Innovation and Entrepreneurship (SINE), a business incubator of IIT Bombay. The objective was to leverage the IvyCamp Platform to connect and create value for entrepreneurs and innovators across the student and alumni community.