RTP Global, an international venture fund with Russian roots (previously known as Ru-Net), is investing once again in India. This time, it has taken part in the pre-Series A round of Agara Labs, a Bengaluru-based startup.
This young Indian company uses deep learning in speech and text to automate customer support. It has raised $2.5 million in total from local fintech fund Blume Ventures and RTP Global (read more details here).
Previously, in 2017, Agara Labs secured a seed funding round from American VC firm Kleiner Perkins.
In November 2018 RTP Global announced plans to invest a significant portion of its new global $200 million fund in early and mid stage opportunities in India.
Kirill Kozhevnikov – who previously launched and managed Sistema Asia Fund, a venture vehicle of the Russian Sistema conglomerate – joined as Partner, focusing on India investments.
“We continue to have faith in Indian entrepreneurs to deliver world-class investment opportunities,” RTP Global founder Leonid Boguslavsky stated at that time.
The fund has traditionally been active in the Asian venture capital market, with investments in Vietnam and in India since 2011-12. Among the fund’s latest moves in India, last year, was an investment in food investment in delivery startup Faaso’s. Sistema Asia Fund, Sequoia Capital India, Lightbox and Evolvence India took part in the $15 million round along with RTP.
