TLDR:
– Former BharatPe COO Dhruv Bahl has launched a venture capital fund, Eternal Capital, with a target of raising Rs 120 crore.
– The fund plans to invest in early-stage startups in various sectors over the next three years.
In a recent move, Former BharatPe COO Dhruv Dhanraj Bahl has launched a venture capital fund called Eternal Capital with a target of raising Rs 120 crore. The fund includes a greenshoe option for a similar amount, aiming to back 40 early-stage startups over the next three years. Eternal Capital plans to focus on startups led by experienced operators in sectors like financial services (MSME lending, loans against assets), consumer and D2C, SaaS and platform-based, as well as emerging sectors like sports and gaming, and clean and green energy. Bahl, who is the founder and managing partner of the firm, has already finalized about six deals, representing 12% of the fund. The fund has secured commitments from investors and entrepreneurs such as BharatPe CEO Nalin Negi, former CEO Suhail Sameer, MakeMyTrip founder Deep Kalra, and others.
Several funds have recently raised capital, indicating a growing trend in the Indian startup ecosystem. Dhruv Bahl joins the list of startup executives turning into investors, following the footsteps of other founders like Mithun Sacheti and Binny Bansal. The fund’s focus on early-stage startups in key sectors makes it a notable addition to the investment landscape in India.
