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Gemba Capital launches Rs 250 Cr Fund-II

EntrackrEntrackr · 1y ago
Gemba Capital launches Rs 250 Cr Fund-II
Medial

Gemba Capital, a Sebi-registered micro VC firm, has announced the launch of its second fund with a corpus of Rs 250 crore (around $30 million), including a green shoe option of Rs 50 crore ($6 million). As per Gemba, Fund-II will invest in around 30 early-stage ‘Platform-first’ businesses across fintech, consumer tech and B2B platforms with first cheque of Rs 5 crores and 30% reserve ratio for making follow-on investments. Founded in 2018, Gemba Capital invests at seed and pre-seed stage in scalable tech startups. It has backed over 120 founders across 50 startups in fintech, consumer tech and B2B platforms since its inception. Some of the notable portfolio companies arePlum (Insurtech), Grip Invest, Wint Wealth, Strata, Navadhan, Zuper, Showroom, Smartstaff, ClickPost and LightFury.

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Info Edge launches Rs 250 Cr growth-stage investment fund

EntrackrEntrackr · 13d ago
Info Edge launches Rs 250 Cr growth-stage investment fund
Medial

Info Edge has launched a new growth-stage investment fund with a capital commitment of Rs 250 crore, marking its first dedicated vehicle for later-stage companies. The new vehicle, called B8 Fund-I, may also raise capital from external sponsors, taking the total corpus beyond the initial Rs 250 crore. Info Edge already operates four early-stage investment platforms. These include Info Edge Ventures, which has raised Rs 2,300 crore across three funds; Capital 2B with a Rs 280-crore corpus; Redstart Labs, focused on AI-led startups; and direct investments from its balance sheet. Through its venture vehicles, Info Edge has backed several startups at early stages, including Gnani AI, Ixigo, Shiprocket, Zingbus, and Truemeds. Through its balance sheet, the company has invested in firms such as Zomato and Policybazaar in their early years. The new Rs 250-crore fund will focus on backing growth-stage, tech-enabled companies in India or those primarily focused on India, the company said in a regulatory filing. Registered with Sebi as a Category II alternative investment fund, the vehicle will have a tenure of eight years from its first closing. In May last year, Info Edge said its shareholders had approved a plan to invest up to Rs 1,000 crore in Info Edge Ventures' third fund as part of its strategy to institutionalize its startup investing platform. The Info Edge Ventures funds are managed in a 50:50 partnership with Singapore’s sovereign wealth fund Temasek. For the quarter ended December 31, Info Edge’s operating revenue rose to Rs 819 crore, while net profit increased 10% year-on-year to Rs 317 crore from Rs 288 crore.

Gemba Capital Ropes In Ranjeet Pratap Singh As Advisor

Inc42Inc42 · 1y ago
Gemba Capital Ropes In Ranjeet Pratap Singh As Advisor
Medial

- Gemba Capital has announced the addition of Singh to its investment team for evaluating consumer tech deals and mentoring portfolio companies. - Singh's appointment comes after the firm launched its second fund in July, aiming to raise INR 250 Cr, with an additional INR 50 Cr green shoe option. - Gemba Capital's portfolio includes startups such as Plum, Grip, Threado, Zuper, LightFury Games, Volt Money, MoMoney, and Docube. - Singh's role will involve assessing investment opportunities in the consumer tech sector and providing guidance to Gemba Capital's portfolio companies. - The addition of Singh to the team highlights Gemba Capital's commitment to further strengthen its investment capabilities and support its portfolio of startups.

LC Nueva Investment Partners launches new fund with target corpus of Rs 150 Cr

EntrackrEntrackr · 1y ago
LC Nueva Investment Partners launches new fund with target corpus of Rs 150 Cr
Medial

LC Nueva Investment Partners has launched the LC Nueva Momentum Fund, aiming for a target corpus of Rs 150 crore (approximately $18 million) with an additional greenshoe option of Rs 100 crore (around $12 million). This follows the successful closure of its maiden fund at Rs 350 crore, which has reported that half of its portfolio companies secured further rounds of funding, achieving an impressive nearly 57% compounded annual growth rate (CAGR) in average revenues. The new fund will support 10-15 high-growth startups in Series A and B rounds, focusing on “winners” from its previous fund and secondary market opportunities. LC Nueva Investment Partners, a collaboration between Singapore’s Lighthouse Canton and Delhi NCR-based Nueva Capital, aims to invest in companies that have shown improved operating performance and are considered high-conviction investments. The Momentum Fund’s strategy emphasizes identifying high-potential investments to deliver exceptional returns by leveraging strong relationships from its previous fund and actively pursuing secondary opportunities. In the broader venture capital landscape, early-stage firm Capital A has launched its Fund II with a target of Rs 400 crore, while z21 Ventures recently achieved the first close of its $40 million Fund II at $20 million.

GetVantage launches Rs 100 Cr Rise-Up Fund for women entrepreneurs

EntrackrEntrackr · 2y ago
GetVantage launches Rs 100 Cr Rise-Up Fund for women entrepreneurs
Medial

Alternative-financing fintech platform GetVantage has announced the launch of its Rise-Up Fund which is dedicated to supporting women entrepreneurs’ businesses with the capital. With an initial corpus of Rs 100 crore, This non-dilutive fund aims to deploy the capital in the next 12 months. GetVantage has also announced a partnership with diversity-focused network Encubay. Founded in 2020 by Bhavik Vasa, GetVantage is an alternative funding marketplace and growth platform that provides non-dilutive capital to SMEs. It facilitates data-driven investments from Rs 5 lakhs to Rs 20 crore to scale growth for businesses. According to the Mumbai-based firm, it will disburse the funds through its own NBFC GetGrowth Capital, along with Varanium’s Debt Fund partnership, among other NBFCs and AIFs. In January, it announced its SaaS Accelerator Fund II with a corpus of Rs 250 crore. According to GetVantage, its platform provides various non-dilutive working capital solutions for marketing, inventory, logistics, and other recurring CapEx to businesses across sectors, including B2B SaaS, eCommerce, D2C, edtech, cloud kitchens, and many more. The company says that it has registered more than 15,000 signups on its platform and invested in over 850 new-age businesses in India. GetVantage added that it has previously partnered with women’s community leap.club in 2023 to drive engagement amongst women entrepreneurs across India. The partnership brought women founders, investors, and enablers together via community outreach helping forge strong connections, conversations, and growth. According to a report by the World Economic Forum and IFC, women-led businesses in India faced an unmet credit gap of more than $11.4 billion, and these same women founders received only 5.2% of the outstanding credit granted to enterprises by Indian public sector banks.

BYT Capital launches Rs 180 Cr deeptech fund

EntrackrEntrackr · 3m ago
BYT Capital launches Rs 180 Cr deeptech fund
Medial

BYT Capital launches Rs 180 Cr deeptech fund BYT Capital has announced a Rs 180 crore early-stage fund aimed at backing deep-tech and frontier engineering startups. The Category II AIF will invest in companies building IP-driven products emerging from research labs and engineering ecosystems. More than half of the fund has already been subscribed, and the firm expects a final close by Q3 2026. Founded by Amit Chand and Dinesh Kumar, BYT Capital plans to deploy capital into 18–20 startups with initial cheques of Rs 3–6 crore. Around 55% of the fund has been set aside for follow-on rounds. The firm has already made early commitments across space, life sciences, robotics, and clean energy. The focus is on companies converting lab-stage work into market-ready products with global demand. “India is entering a phase where scientific entrepreneurship can create companies with global relevance,” said founder Amit Chand. He added that deep-tech will shape future industrial capacity and strengthen strategic capabilities across sectors such as materials, quantum, defense, and energy. BYT Capital plans to support founders from early experimentation to global commercialization, building a long-term platform focused on frontier technology originating in India.

BizDateUp launches Rs 1,000 Cr Pulse Fund I

EntrackrEntrackr · 6m ago
BizDateUp launches Rs 1,000 Cr Pulse Fund I
Medial

BizDateUp has launched Pulse Fund I, a Rs 1,000 crore Category II Alternative Investment Fund (AIF). The fund includes a Rs 500 crore base and an additional Rs 500 crore green-shoe option. According to the fund, it will invest 50% in high-growth startups, 30% in profitable SMEs, and 20% in select real estate projects. The fund is structured as a 10-year close-ended vehicle, extendable by 2 years. It will focus on sectors such as AI, SaaS, fintech, healthtech, deeptech, defense, aerospace, gaming, EV mobility, green energy, and regtech. A special focus will be given to opportunities in tier-II and tier-III cities. The fund also promises financial, legal, and compliance checks, overseen by an NISM-certified fund manager. Founded by Jeet Chandan and Meet Jain, BizDateUp is an ecosystem enabler for startups offering comprehensive support services to visionary entrepreneurs to the forefront of their industry. BizDateUp empowers startups to challenge conventions, pioneer new solutions, and drive meaningful change in their respective fields. It has funded over 25 startups, raised a $10 million fund, engaged 1,000 angel investors, and delivered an average return of 3.5x to its backers in FY24. BizDateUp plans to expand globally by launching parallel funds in Singapore, the USA, and Dubai within 24 months, targeting over $1 billion in international capital for India’s innovation ecosystem. Earlier in May last year, BizDateUp Technologies had acquired a 20% stake in Duro Green, an environmental impact startup providing wet waste management services.

IVY Growth launches Rs 250 Cr Arigato Capital fund

EntrackrEntrackr · 1y ago
IVY Growth launches Rs 250 Cr Arigato Capital fund
Medial

Micro venture capital firm IVY Growth Associates has announced the launch of Arigato Capital, a SEBI-registered Category I AIF Venture Capital (VC) fund, with a target corpus of Rs 250 crore. This sector-agnostic fund is set to invest in startups across a variety of sectors, including agritech, cleantech, generative AI, fintech, consumer brands, and software-as-a-service (SaaS) companies, the fund said in a press release. Arigato Capital aims to begin raising capital in June 2024, with plans to close all commitments over the next 15 to 18 months. The Venture Capital (VC) fund targets a first close at Rs 100 crore and will focus on startups beyond the seed stage or in pre-series A stages, offering an average ticket size of $500,000. Founded by Prateek Toshniwal, Rachit Poddar, Mehul Shah, and Sharad Todi, IVY Growth Associates claims to have invested in over 100 growth-stage startups. The firm has deployed Rs 20 crore from its fund and utilized more than Rs 80 crore from syndicate funds within its network. IVY’s portfolio includes notable brands such as Rupeek, BluSmart, and Zappfresh. In addition to launching Arigato Capital, IVY Growth Associates will host the third edition of its startup summit, 21 BY 72, from June 15 to June 16 in Surat. The summit is expected to attract over 20,000 participants, including more than 200 startup founders, 200 venture capitalists, and over 500 investors.

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