Gaming and interactive media venture capital firm Lumikai is aiming to close 10-12 investments in pre-seed and Series A firms over the next few years from its $50-million India fund II, according to its founding general partner, Salone Sehgal.The VC firm has $58 million in assets under management from 15 portfolio companies, which have collectively raised more than $120 million, Sehgal told ET. Even though we're a seed-stage investor, more than 70% of our portfolio companies are revenue... Read this story
