Utsav Somani, India Partner for AngelList, has launched a new micro venture capital fund called iSeed.
The fund, which is dedicated to Indian startups, plans to invest in 30 early-stage companies with a particular focus on technology.
The fund has also been anchored by Naval Ravikant, a prominent angel investor in the Silicon Valley, and plans to invest an average cheque of $150,000.
According to Utsav, the investors in iSeed were carefully selected based on their knowledge and willingness to help portfolio companies scale.
In the last week of April and running into May, weekly investments into startups have actually fallen below $100 million.

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