TLDR:
Key Points:
- Kedaara Capital closed its fourth round of funds for USD 1.74 billion.
- Norwest Venture Partners closed its USD 3 billion NVP XVII, LP fund (NVP 17).
In a developing startup environment like India’s, venture capital (VC) plays a crucial role in providing a financial foundation for innovative concepts and game-changing enterprises. Several India-focused VCs recently closed their funds, showcasing the growing importance of this sector. Let’s take a closer look at five venture capitalists who recently announced the closing of their funds:
Kedaara Capital
Kedaara Capital, an India-focused private equity firm, closed its fourth round of funds for USD 1.74 billion. The firm is sector-agnostic and bullish on industries like consumer, IT, healthcare, and financial services. Some of their investments include Oliva Skin & Hair Clinic, Purplle, and Perfios.
Norwest Venture Partners
Norwest Venture Partners closed its USD 3 billion NVP XVII, LP fund (NVP 17). The VC aims to support multi-stage investments across enterprise, consumer, and healthcare sectors and has already invested in companies like Amagi Labs, Swiggy, and Duroflex in India.
Stride Ventures
Stride Ventures, a venture debt firm, announced the closing of its Fund III at USD 165 million. The fund has a diverse portfolio across various sectors, including consumer, fintech, agri-tech, and B2B SaaS.
IvyCap Ventures
IvyCap Ventures closed its Fund III at INR 2,100 crore. The fund plans to invest in approximately 25 companies in Series A, with a focus on sectors like HealthTech, ConsumerTech, and FinTech. Around 40% of the corpus has already been invested in businesses across different industries.
Capria Ventures
Capria Ventures closed the INR 153 crore (~USD 19 million) India Opportunity Fund, investing in early and early-growth stage startups in the Global South. The fund supports sectors like Fintech, Jobtech, Edtech, and Agtech across regions like India, Latin America, Africa, and Southeast Asia.
These recent fund closings highlight the growing interest and investment opportunities in the venture capital space,
