Silicon Valley Biggies Back $45 Million Investment Vehicle For Indian Startup Founders

Utsav Somani launched a new fund, termed ‘Galaxy’ that hands over selected founders a $1Mn fund, to further invest in potential early-stage startups. In addition, the initiative worth $45 million is backed by the Silicon Valley investors Naval Ravikant and Tim Ferris. ''With Galaxy, founders can also provide capital to get early-stage companies off the ground,” stated Utsav. Notably, Galaxy was launched by fintech veterans Amrish Rau and Jitendra Gupta.