Software-as-a-Service (SaaS) fund and accelerator Upekkha completed the first close of its $40 million Upekkha Fund at $15 million, spearheaded by WestBridge Capital.

With a strong focus on India’s SaaS and AI landscape, the fund will invest in over 70 early-stage startups in 2024.

Despite the challenges faced by SaaS startups due to macroeconomic conditions and a funding slowdown, early-stage startups experienced mixed funding outcomes in 2023. Upekkha aims to identify and mentor top SaaS startups from India, positioning them to overcome global challenges.

"Our thesis revolves around buying low and selling........

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