Dubai-based VC firm NB Ventures will soon launch an investment fund with Mumbai-based VC firm Blume Ventures, Al Bayan reports citing NB Ventures CEO Neelesh Bhatnagar. The size of the fund is USD 50 mn, the Hindu Business Line claims, with the specifics of the partnership, including the targeted recipients, still under discussion.

More on the fund: The fund is expected to focus on providing advisory services to high-net individuals as well as expand further into the Asian market, according to Bhatnagar.

NB Ventures mainly focuses its investments in India,with recent investments in Pixxel, Melorra, Otto, Purplle, HealthifyMe, Leverage Edu, Pernia’s Popup, and Thirdwave. So far, the Dubai based firm has invested in 50+ startups since its establishment in 2016, according to the company’s website.

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