Fund News
35North Ventures raises Rs.100-Cr in first close of India Discovery Fund II
Early stage fund 35North Ventures has raised INR 100 crore in the first close of its newly launched CAT-I alternative investment fund (AIF), India Discovery Fund II, which has a target corpus of INR 500 crore. The average cheque size of the new fund will be in the range of INR 5-10 crore, across 30-40 companies.The firm’s previous fund, India Discovery Fund I, was closed at over INR 130 crore in March 2024. The investment theme in the India Discovery Fund II will be similar to the IDF-I. 35North has invested in 16 companies across 10 sectors, mostly across pre-Series A rounds.
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