TLDR:
- IvyCap Ventures has closed its third fund, raising ₹2,100 crore.
- The firm’s AUM now stands at ₹5,000 crore.
Early-stage venture capital firm IvyCap Ventures has announced the closure of its third fund, surpassing its initial target by raising ₹2,100 crore. The firm exercised a greenshoe option to raise additional capital, with 90% coming from domestic investors and 10% from IIT alumni worldwide. Approximately 60% of the funding came from institutional investors, 20% from IIT alumni, and 20% from family offices. With the third fund, IvyCap Ventures plans to invest in about 25 companies at Series A, with an average initial investment ranging from ₹30 to ₹50 crore. The firm’s portfolio includes companies like Celcius, Agraga, Eggoz, and more. The new fund also marks IvyCap Ventures’ entry into seed-stage investments, aiming to support startups at early stages. The firm has had successful exits from investments like Purplle, with expectations for more significant exits in the future. IvyCap Ventures has a diversified portfolio across sectors like HealthTech, ConsumerTech, DeepTech, FinTech, EdTech, and emerging sectors like AgriTech and SpaceTech.
