Early-stage VC fund, based in Mumbai, Artha Venture Fund (AVF) has announced the final close of Rs 220 Crore debut fund. “50+ limited partners (LPs) participated in the fund, with almost half of the LPs increasing their investment commitments in the last three months. More than 50 percent of the investments came from family offices,…
Fireside Ventures, a venture capital has raised $118 million for second fund. The Bengaluru-based company intended to raise Rs 750 Cr in the fresh round but bagged an additional Rs 113 Cr through the greenshoe option. Kanwaljit Singh, managing partner & founder, Fireside Ventures said, “It is a mark of confidence that the fund I…
N+1 has roped in LetsVenture as the founding venture partner for its maiden $100 million fund. Speaking on the development, Rahul Chowdhury, founder, N+1 Capital, said, “Raising venture capital is not appropriate for every type of business – there are lots of startups and SMEs with strong and steady state business models that get left…
PointOne Capital, a pre-seed focused VC fund, has announced the first closing of its maiden fund. The SEBI registered CAT-1 AIF which targets early seed stage startups, plans a total corpus of INR 50 crore with a ticket size of up to INR 1 crore per startup. The fund counts entrepreneurs, PE & VC firm…
Venture capital investment firm TrueBridge Capital Partners recently announced the close of its sixth venture capital fund-of-funds, TrueBridge Capital Partners Fund VI, L.P. (“Fund VI”) with $600mn in limited partner commitments. With this latest fund, TrueBridge surpasses its previous fund of $450 million and now manages over $3.3 billion in assets. “Today’s global economic environment…
ADQ, a public joint stock company headquartered in Abu Dhabi has announced a new $300 million venture capital fund, Alpha Wave Incubation or AWI Fund. The AWI Fund will be investing in early-stage startups across South-East Asia and India, and help them set up base in Abu Dhabi’s Masdar City. According to media reports, AWI…
Singapore-based early-stage venture capital firm, Lyra Ventures recently announced that it has launched a Japan-backed global second fund. Japanese fashion conglomerate TSI Holdings will be a key investor in this fund. However, the company did not disclose any financial details. Lyra Ventures, which was formerly known as Start Today Ventures, said that the new fund…
Chandigarh-based personal care and grooming startup LetsShave recently announced that it has raised an undisclosed amount of funding from Wipro Consumer Care Ventures, the venture capital fund of Wipro Consumer Care and Lighting. Existing investor Dorco also participated in the funding round. Although there is no confirmation by the company, media reports suggested that with…
Plug-and-play E-commerce platform for offline stores Near.Store recently announced that it has raised $300,000 in seed funding from venture capital fund Sauce.vc and other individual investors. Near.Store helps offline stores go online, digitize their inventory, develop new consumer relationships and access business data and insights to make their business more efficient. This is done through…