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Ex-BharatPe CBO Pratekk Agarwaal’s GrowthCap Ventures To Close Maiden INR 50 Cr Fund In 2 Months

Inc42 · 1y ago

Ex-BharatPe CBO Pratekk Agarwaal’s GrowthCap Ventures To Close Maiden INR 50 Cr Fund In 2 Months

GrowthCap Ventures, an early-stage venture capital fund led by former BharatPe chief business officer Pratekk Agarwaal, is aiming to close its debut fund at INR 50 crore ($6.7 million) within the next couple of months. Agarwaal said the fund has already secured 50% of its corpus and plans to invest in 10-12 early-stage startups this year. The fund will focus on fintech, software-as-a-service (SaaS), and deep tech sectors. Agarwaal also intends to launch a growth-stage VC fund called "Winners Fund" with a corpus of INR 250 crore ($33.5 million) next year.

Related News

GrowthCap Ventures Secures Rs 20 Crore For Early-Stage Start-Up Investments

OutlookIndia

OutlookIndia · 1y ago

GrowthCap Ventures Secures Rs 20 Crore For Early-Stage Start-Up Investments

GrowthCap Ventures, a venture firm founded by former BharatPe CBO Pratekk Agarwaal, has raised Rs 20 crore in initial funding. The firm plans to invest in early-stage startups in the Fintech, SaaS, and Deeptech sectors, offering funding ranging from Rs 2 crore to 6 crores. The fund aims to support 10-12 startups over the next 20 months by leveraging the expertise of industry leaders and LPs. Agarwaal plans to launch a second fund with an estimated size of around Rs 250 crore.

Early-stage VC firm GrowthCap Ventures marks first close

VCCircle

VCCircle · 1y ago

Early-stage VC firm GrowthCap Ventures marks first close

Early-stage venture capital firm GrowthCap Ventures, founded by Pratekk Agarwaal, has announced the first close of its maiden fund, raising Rs 20 crore ($2.7 million). The fund, which aims to invest in startups across fintech, deeptech, and software-as-a-service (SaaS) sectors, has a target corpus of Rs 50 crore ($6 million). GrowthCap Ventures, with an average ticket size of Rs 2-6 crore, plans to invest in 10-12 startups in the next 20 months. The firm intends to launch a winners fund with an estimated corpus of Rs 250 crore ($34 million).

Ex-BharatPe Executive Pratekk Agarwaal Launches Maiden Operator VC Fund

OutlookIndia

OutlookIndia · 2y ago

Ex-BharatPe Executive Pratekk Agarwaal Launches Maiden Operator VC Fund

Former BharatPe executive Pratekk Agarwaal launches his debut Operator VC fund. The startup investor, Agarwaal, aims to support early-stage startups, leveraging his expertise and network to foster growth. The Operator VC fund's establishment showcases Agarwaal's commitment to contributing to the startup ecosystem by providing essential resources and guidance to emerging companies in their initial phases.

Wealth management firm Client Associates marks first close of maiden VC fund

VCCircle

VCCircle · 1y ago

Wealth management firm Client Associates marks first close of maiden VC fund

Wealth management firm Client Associates has reached the first close of its debut venture capital fund, Client Associates Alternate Fund (CAAF). Client Associates is aiming to raise INR 500 crore ($67.8m) for the fund, with a potential additional INR 200 crore available. CAAF will primarily target investments in pre-Series A, Series A, and pre-Series B and Series B start-ups in consumer and consumer-related sectors and financial services. The fund aims to have a portfolio of 12-15 companies, investing between INR 10 crore and INR 50 crore per company. The final close of the fund is expected by March 2025.

ThinKuvate marks first close of maiden India fund, invests in four startups

VCCircle

VCCircle · 11m ago

ThinKuvate marks first close of maiden India fund, invests in four startups

ThinKuvate has achieved the first close of its Indian fund, ThinKuvate India Fund—I, after raising INR 25 crore ($3.3 million). The Singapore-based platform invests in early-stage start-ups from seed to Series A and has backed firms in the B2B and B2B2C sectors. ThinKuvate plans to invest in 30 to 40 entities with an investment size of INR 1.5 crore to INR 4 crore. The firm said over 50% of investors in the fund are non-resident Indians.

Former BharatPe COO’s venture capital firm rolls out maiden fund

VCCircle

VCCircle · 1y ago

Former BharatPe COO’s venture capital firm rolls out maiden fund

Dhruv Dhanraj Bahl, the former COO of BharatPe, has launched a venture capital firm called Eternal Capital. The firm's maiden fund aims to raise INR 120 crore, with an additional greenshoe option. The fund has already received commitments of INR 102 crore from various entrepreneurs, including executives from BharatPe, MakeMyTrip, and PolicyBazaar. Bahl has been investing in startups for the past six years and aims to provide easier access to institutional deals through Eternal Capital. The fund plans to invest in seed and pre-Series A rounds, focusing on sectors such as fintech, SaaS, consumer, clean energy, and sports and gaming.

InCred Alternative Hits First Close Of Maiden PE Fund

Inc42 · 1y ago

InCred Alternative Hits First Close Of Maiden PE Fund

InCred Alternative Investments, the alternative asset management unit of InCred Capital, has announced the first close of its maiden private equity fund, InCred Growth Partners Fund – I (IGPF – I). The fund has gathered capital commitments of over INR 330 Cr and aims to reach a final close at INR 500 Cr. IGPF – I will focus on investing in growth and late-stage companies in consumer, financial services, and enterprise or technology sectors, with an average ticket size of INR 40-80 Cr. The successful first close reflects the returning confidence in the private equity space.

Indigo’s VC Arm Marks First Close Of Maiden Fund At INR 450 Cr

Inc42 · 1m ago

Indigo’s VC Arm Marks First Close Of Maiden Fund At INR 450 Cr

Indigo Ventures, the VC arm of the airline Indigo, has marked the first close of its maiden fund at INR 450 Cr, after receiving SEBI approval for an alternative investment fund (AIF). The fund aims to raise INR 600 Cr, targeting early-stage startups, particularly in aviation and related sectors. Alongside the fund closure, Indigo Ventures announced its inaugural startup investment in Jeh Aerospace, backed by General Catalyst, focusing on pre-Series A to Series B stages.

Ola Electric Slips Below INR 100 Mark Amid Broader Market Crash

Inc42 · 11m ago

Ola Electric Slips Below INR 100 Mark Amid Broader Market Crash

Shares of Ola Electric, a major player in the emobility sector, dropped over 4% in early trading, falling below INR 100. The stock hit a low of INR 97.85 before recovering slightly to close at INR 99.70. This decline was in line with the broader market, as both Sensex and Nifty 50 experienced their worst day in nearly two months due to a sell-off in domestic stocks.

Client Associates Marks First Close Of INR 300 Cr Fund; Targets Early, Growth-Stage Deals

Inc42 · 1y ago

Client Associates Marks First Close Of INR 300 Cr Fund; Targets Early, Growth-Stage Deals

Wealth management firm Client Associates has announced the first close of its maiden Category II alternative investment fund (AIF) at INR 300 Cr ($36 Mn). The Client Associates Alternate Fund (CAAF) will focus on investing in consumer tech startups at the Pre-Series A to Series B stages, with cheque sizes between INR 10 Cr - INR 50 Cr per deal. The firm aims to raise commitments of INR 500 Cr ($60 Mn) and close the fund by the end of FY25. The fund has attracted interest from domestic family offices and ultra-high-net-worth individuals.

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