Dharana Capital closes second growth fund of $250-M

Mumbai-based Dharana Capital has closed its second growth fund, raising USD 250 million. This new fund follows its initial fund of USD 160 million, which was raised in 2022.Dharana Capital has previously invested in startups such as Urban Company, Zomato, LAT Aerospace, and Pet Pooja. The new fund will continue investing in Indian tech and consumer businesses. The firm aims to invest in 8-10 companies per fund, with varying cheque sizes.