TVS Capital's biggest fund yet could bet on ‘zero-stage’ startups
Chennai-based investor TVS Capital has raised INR 1,700 crore (approximately $228 million) for its fourth fund, which aims to invest in "zero-stage" companies launched by professionals or entrepreneurs. The fund, which will have a total corpus of INR 3,000 crore (about $403 million), is expected to focus on financial services firms and B2B startups. TVS Capital has previously invested in fintech startups including Digit Insurance, Five Star Business Finance, and PhonePe. The firm plans to announce the first close of the fund next month.