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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.

Trillion Dollar Ventures launches Rs 50 Cr Fund II

EntrackrEntrackr · 11m ago
Trillion Dollar Ventures launches Rs 50 Cr Fund II
Medial

Venture capital firm Trillion Dollar Ventures (TDV) has launched its second fund with a total corpus of Rs 50 crore, doubling its corpus size from the first fund. The new fund aims to support early-stage tech startups in India. TDV plans to back innovative founders and support companies in the pre-seed and seed stages with cheque sizes ranging from Rs 1-2 crore per startup. The fund’s goal is to collaborate with and nurture these companies. The VC firm will invest in business models such as platform plays, marketplaces, and exchange businesses across various consumer tech (B2C) categories, including spirituality tech, fintech, gaming, the creator economy, social media, and consumer upgrades. According to TDV, its investment strategy focuses on backing serial founders or those with deep domain expertise, with a strong preference for high-tech, low-operation businesses. The fund’s lifecycle is set between 5 to 7 years, with expectations to make 10-12 investments annually, starting capital deployment in Q3 FY25. TDV reports that its first fund provided exit opportunities within 2 years of investment, generating over 60% IRR. The firm has received strong commitments from limited partners (LPs) in India and countries like the US, UK, UAE, and Singapore, validating its early-stage investment model and high return potential. Its backers include top global unicorn founders, family offices, and CXOs across various industries. Launched in 2021 by Ujwal Sutaria, TDV is dedicated to investing in innovative founders and nurturing startups across sectors such as fintech, gaming, spirituality tech, and consumer tech, claiming to have backed more than 30 companies.

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.

Yali Capital closes maiden deeptech fund at Rs 893 Cr

EntrackrEntrackr · 1m ago
Yali Capital closes maiden deeptech fund at Rs 893 Cr
Medial

Yali Capital closes maiden deeptech fund at Rs 893 Cr Venture capital firm Yali Capital has closed its maiden deeptech focused fund at Rs 893 crore (about $103.2 million). Yali Capital had launched the early stage fund at Rs 810 crore in July last year to back startups operating in the deeptech sector. The fund intends to invest in startups across chip design, robotics, genomics, smart manufacturing, aerospace, and AI sectors, Yali Capital said in a press release. The VC firm has raised capital from corporates such as Infosys, Qualcomm Ventures, the DPIIT Fund of Funds for Startups, and Evolvence, among others. Additionally, TVS Capital founder Gopal Srinivasan, Rare Enterprises chief executive Utpal Sheth, and JM Financial’s managing director Vishal Kampani are among its notable investors. Launched by Ganapathy Subramaniam and Mathew Cyriac, Yali Capital is a SEBI approved Category II AIF and had initially set its target close to Rs 500 crore, with an additional greenshoe option of Rs 310 crore. “China is well ahead in the deeptech space and has overtaken America. India has all the potential, from services to deeptech, but certainly has much distance to cover,” said Ganapathy Subramaniam. Yali Capital has made five investments, including genomics startup 4baseCare, robotics startup Perceptyne Robots, and fabless chip design company C2i Semiconductors. It plans to expand its portfolio to eight companies by the end of the year.

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