Private Equity

PE Fund Investments

Axilor Ventures launches new $100-M VC fund

CNBC   TV18  

Early Stage venture capital firm Axilor Ventures has launched its second fund called Axilor Technology Fund – II, with a corpus of USD 100 million (INR 700 crore), almost four times the size of its maiden fund of INR 200 crore that was launched in 2018. Backed by family offices of Infosys co-founders Kris Gopalakrishnan and SD Shibulal, professor Tarun Khanna of Harvard Business School, and IT industry veterans Srinath Batni and Ganapathy Venugopal, the VC firm will continue to focus on emerging opportunities in Enterprise SaaS, B2B commerce, agritech, consumer tech and healthtech, with a renewed focus on the fintech sector. The fund has set aside 30% of its corpus to back 10-12 winners from its first fund. The new fund will have a longer tenure allowing it to stay longer in companies with a higher follow-on reserve.