Cactus Venture Partners raises Rs.350-Cr in the first close of debut fund

Cactus Venture Partners (CVP) has raised INR 350 crore in the initial close of its debut fund. The fund will focus on investing in clean-tech, health-tech, and B2B SaaS companies. It is in talks with domestic and international institutional investors and anticipates the final close of its target of INR 750 crore by December 2022. CVP has been investing in technology and direct-to-consumer (D2C) startups in the early growth stage since 2021.