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TLDR:
Key Points:
- Huddle Ventures Fund II, a venture capital firm, has been oversubscribed at ₹100 crore.
- The fund comprises family offices, successful founders, and HNIs and aims to make 20 investments in early-stage companies.
In a recent development, Huddle Ventures, a Gurgaon-based early-stage venture capital firm, has announced that their Fund II worth ₹100 crore has been oversubscribed. The final close is expected in the next four to six weeks. The Fund II includes participation from family offices, successful founders, and HNIs. This sector-agnostic fund will focus on early-stage investments in areas like consumer brands, fintech, agri-tech, and healthcare.
Huddle Ventures plans to make 20 investments from Fund II, with an average entry check of $500k extendable up to $1 million. The fund aims to lead the first institutional rounds for companies and partner with them in strategy, business development, growth, and investment. Co-founded in 2017 by Ishan Khosla and Sanil Sachar, Huddle Ventures has a consolidated AUM of $20 million with a portfolio that includes Bold Care, Perfora, LiteStore, Celcius, Grip Invest, and Cureskin among others.
The oversubscription of Fund II is seen as a significant achievement for the firm, reflecting the trust of LPs and founders. Huddle Ventures’ differentiation lies in its ability to support early-stage start-ups across various functions and to equip founders with the necessary infrastructure, social, and intellectual capital for building successful ventures.
According to Ishaan Khosla, General Partner at Huddle Ventures, the goal is to institutionalize a methodology that consistently supports early-stage ventures and empowers them to become established organizations. The focus remains on being high-conviction believers in founders and leveraging networks for business development.
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