Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
3 ex-Peak XV Partners execs set up Mettle Capital; target $400-M corpus
Three former managing directors at Peak XV Partners - Ashish Agrawal, Ishaan Mittal and Tejeshwi Sharma - are launching a new venture capital fund called Mettle Capital, targeting a corpus of USD 350-400 million.Mettle Capital plans to back startups at Series A and B stages with selective seed bets. The firm has started conversations with limited partners in the US and will also tap funding from Europe and Asia. While a majority of capital will come from foreign LPs, they will also raise domestic funds. The firm will back startups in the enterprise artificial intelligence, deeptech and consumer internet spaces.Mettle, which aims to close 5-6 investments annually, is looking to close the fundraise within the next quarter and begin deploying capital by September-October.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.