SUMMARY
- VentureSoul Partners raised Rs 146.5 crore in the first closing of its Rs 600 crore fund, with a target corpus of Rs 300 crore plus greenshoe options.
- The venture capital firm will invest Rs 25-30 crore in 20-25 Series A or later companies in fintech, B2C, B2B, and SaaS sectors.
- It secures an initial Rs 146.5 crore for its fund, focusing on growth-stage investments in diverse tech sectors.
VentureSoul Partners has raised Rs 146.5 crore with the first closing of its Rs 600 crore fund. Aiming to have a corpus of up to Rs 300 crore and an additional Rs 300 crore in greenshoe options, the Category II AIF is registered with SEBI.
The debt firm, situated in Mumbai, states that its goal is to invest in approximately twenty to twenty-five companies, with an average ticket size of Rs 25-30 crore. The entire sum will not exceed Rs 60 crore. With a focus on fintech, B2C, B2B, and SaaS industries, the fund aims to support firms that are in Series A or later stages and have proven business and revenue models.
An array of investors, including family offices, corporations, high-net-worth individuals, and professionals, have reportedly contributed to the firm’s success. For customers in the new economy, the fund will offer unique debt product offerings.
VentureSoul is a sector-neutral fund that was co-founded by Anurag Tripathi, Ashish Gala, and Kunal Wadhwa. It provides customized financing options to meet the specific finance requirements and business development strategies of each company. Its business strategy combines technology-driven risk assessment with conventional credit evaluation to offer distinctive financing through a new economy credit fund. It invests in technology-enabled businesses, whether they are domestically based or the Indian branch of a foreign corporation, and helps them increase their recurring revenue and unit economics.
