TLDR:
- IvyCap Ventures closes Fund III at INR 2100 crore, raising total Assets Under Management to USD 600 million
- Fund focuses on Alumni ecosystem investments and plans to invest in 25 companies at Series A
IvyCap Ventures, a leading venture capital fund in India, has closed its Fund III at INR 2100 crores. The investors include the IIT Alumni Trust and a few family offices, with 60% of the funds coming from existing investors. The total Assets Under Management (AUM) for IvyCap Ventures has now grown to INR 5000 crore ($600 million). The Fund plans to invest in 25 companies at Series A, with an average starting investment amount of INR 30 to 50 crores. Additionally, they have earmarked INR 100 crore for seed-stage investments through a separate team leveraging the IvyCamp platform.
Approximately 40% of the corpus has already been invested in companies such as Celcius, Agraga, Eggoz, and more. IvyCap Ventures has seen significant cash returns in previous funds, with notable exits like Clovia and Sokrati. The Fund focuses on high-growth companies with strong potential and scalable business models in various sectors.
The core team at IvyCap Ventures, consisting of experienced individuals from IITs, along with an esteemed advisory board, aims to guide the Fund towards sustainable growth and innovation. With a focus on mentorship beyond investments, IvyCap Ventures is dedicated to creating lasting value for investors and society.
