NEON launches $25mn SaaS fund in India

Siddhartha Ahluwalia and Nansi Mishra, the hosts of the 100x Entrepreneur podcast (now called The Neon Show), have launched a new VC fund called NEON.

The fund aims to support early-stage SaaS startups.

Its LPs include Blume Founders Fund, Sandeep Singhal of Nexus Venture Partners, Pallav Nadhani (Fusion Charts), Varun Shoor (Kayako), Paras Chopra (Wingify), Kiran Darisi (ex-Freshworks), and Kshitij Jain (Joveo, Mobolt).

NEON builds upon the success of Siddhartha and Nansi’s previous $10 million fund, 100x Entrepreneur, which has invested in over 40 Indian SaaS startups, including Airmeet, Astra Security, CloudSek, InFeedo, KNOW app, Profit.co, Phyllo, and SpotDraft.

NEON Founding Partner Ahluwalia said: “NEON is not merely an investment vehicle, but a lighthouse and a growth catalyst for early-stage B2B SaaS startups. India has some incredible SaaS founders who shine bright even on the global stage. We look forward to joining their journeys and working with them on product development, marketing, sales, and talent acquisition.”