Aakrit Vaish’s Activate Closes Maiden VC Fund At $105 Mn To Back AI Startups

Former Haptik CEO Aakrit Vaish-led VC firm Activate has announced the final close of its maiden fund at $105 Mn (around ₹1,000 Cr). The fund, which was closed within a year of its launch, comprises an $85 Mn flagship early-stage fund and $20 Mn deployed through dedicated growth investment vehicles. Activate said the flagship fund closed at 125% above its original target.