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Sorin Investments, a fund focused on technology, and co-founded by Sanjay Nayar and Angad Banga, who were formerly associated with KKR India and have experience in private equity, has successfully secured a fund of more than Rs 10 billion for the second phase of their debut fund. In the previous year, they had gathered approximately Rs 8 billion during the initial phase of fundraising. The collection of funds by the technology-centric investment firm has occurred at a point when the Indian technology startup ecosystem is confronting a shortage of funding. This scarcity has led numerous investors to decrease the valuations of prominent Indian tech companies. The fund comprises investments from Henry Kravis, George Roberts, and other associates of the American global investment company KKR & Co, along with Sunil Kant Munjal, the chairman of Hero Enterprise, and a selection of other international and Indian family offices. Sanjay Nayar and Angad Banga, who had previous ties to KKR, have established Sorin. Sanjay Nayar initiated Sorin after spending forty years in the fields of banking and private equity. The fund's emphasis is on startups in the early stages of technology across diverse sectors such as fintech, edtech, software as a service (Saas), logistics, clean technologies, and direct-to-consumer products and brands. Their goal is to make investments ranging from $2-10 million in their target companies. Also read:  Honer 亚博体育官网首页s unveils Rs 30 bn mega project, Honer Signatis Provident Housing launches Rs 20 bn Sustainable Living Project