TLDR:
- Eternal Capital, led by Dhruv Dhanraj Bahl, launched a Rs 120 crore VC fund with a greenshoe option of another Rs 120 crore.
- They aim to invest in 40 start-ups in seed to pre-series A stages over the next 3 years.
Eternal Capital, founded and managed by former BharatPe COO Dhruv Dhanraj Bahl, has launched its maiden VC fund with a target corpus of Rs 120 crore. The fund also includes a greenshoe option of another Rs 120 crore, bringing its total capacity to Rs 240 crore. The fund prioritizes investments in start-ups led by seasoned operators that are at the post-PMF stage and can demonstrate profitable revenue potential in the mid- to long term. The fund received commitments from marquee operators and entrepreneurs such as Suhail Sameer, Deep Kalra, Tarun Mathur, and others.
Sector-agnostic in nature, the fund aims to build a diversified portfolio of “solutions for the future” and plans to invest in 40 start-ups in their seed to pre-series A stages over the next 3 years. Eternal Capital was founded in October 2023 by Dhruv Dhanraj Bahl, who has invested in over 50 start-ups since 2020. The fund seeks to be a ‘partner of first choice’ for founders and a preferred co-investment partner for other funds by providing deep engagement and added value to ventures.
