Scope Rolls Out $50 Mn VC Fund To Boost Fintech And Gaming Startups

SCOPE, the exclusive invite-only networking platform for startups, introduce USD 50 million venture capital fund under its investment banking arm, SCOPE VC. This fund is specifically designed to invest in high-potential startups in the fintech and gaming sectors, with a focus on India and the U.S.

SCOPE VC's new fund will offer investments ranging from USD 500K to USD 2 million per startup, targeting early-stage companies that demonstrate innovation and disruptive potential. “Fintech in India and gaming in the U.S. are showing tremendous growth, and we believe there is a significant opportunity to invest in startups that will define the future of these industries,” said Appalla Saikiran, Founder & CEO of SCOPE.

The USD 50 milliom fund will primarily concentrate on two rapidly growing sectors: fintech and gaming. In India, the fintech sector is booming, driven by increasing digitisation and financial inclusion, while the gaming industry in the U.S. is experiencing exponential growth due to technological advancements and changing consumer behaviors.

“We are bullish about the potential of fintech in India and the gaming sector in the U.S. These industries are not just growing; they are transforming the way we live, work, and interact with technology. Through this fund, we aim to empower visionary entrepreneurs who are building the next wave of innovation,” added Saikiran.

Mentorship To Nurture Startups

In addition to providing financial backing, SCOPE VC plans to adopt a Y Combinator (YC) style cohort model, offering selected startups mentorship, corporate connections, and strategic resources. This will create a one-stop-shop for founders, enabling them to access everything they need to scale their businesses efficiently.

“Our goal is not just to fund startups but to create a robust ecosystem where founders can thrive. We plan to build cohorts of startups and provide them with access to mentors, corporate partners, and other resources they need to succeed,” Saikiran explained.

Expansion Plans and Upcoming Angel Fund

In line with its vision to create a comprehensive support system for startups, SCOPE VC also announced plans to launch a USD 20 million angel fund within the next three months. This fund will target even earlier-stage startups, offering them the capital and guidance needed to take their first big steps.

“Our ultimate success marker is not just financial returns but the ability to create a thriving ecosystem for startups. We want to be the go-to platform for founders, offering everything from capital and mentorship to strategic partnerships,” said Saikiran.