Fund News
B2B SaaS-focused Pentathlon Ventures makes final close of maiden fund at Rs.76-Cr
Pentathlon Ventures, a Pune-based early-stage B2B SaaS focused VC firm, has announced the final close of its first fund, at INR 76 crore. Pentathlon plans to invest in 20+ B2B SaaS startups in a year and invest between INR 75 lakh and INR 3 crore per company on an average. The firm invests in companies that have a proven product market fit, possess strong intellectual property, and display the potential for market disruption. It aims to serve as a link between the seed round and series A/B funding. Partners in Pentathlon Ventures include Gireendra Kasmalkar (Ideas to Impacts), Sandeep Chawda (formerly MD at Globant India), Madhukar Bhatia (co-founder, Sapience Analytics), Saurabh Lahoti (formerly with Grassroots Business Fund), Hemant Joshi (co-founder, Sapience Analytics), and Shashank Deshpande (co-founder, Clarice Technologies). Its board of advisors include Shirish Deodhar (serial entrepreneur), Martin Umaran (Globant), Mohan Kumar (Avataar Ventures), Pravin Bhalerao (Pranitya Wealth), and Abhishant Pant (The Fintech Meetup).
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