Fund News
Early-stage VC firm OTP Ventures closes first fund at Rs.500-Cr
Former BharatPe CEO Suhail Sameer-led early-stage venture capital firm OTP Ventures has announced the final close of its first fund at INR 500 crore. The fund, which had initially set out to raise INR 400 crore, exceeded its target following a 17-month fundraising exercise that began in August 2024. It has attracted a diversified LP base of around 55 investors including 20 startup founders (who account for roughly 10% of the corpus).OTP Ventures focuses on consumer, consumer tech and fintech startups, sectors where the partners bring operating experience. Since inception, it has backed startups like Rupeek, Traya, Fable Street, Abcoffee and NatHabit. Its latest disclosed investment is in D2C home appliance brand Nester, where it led a USD 2 million pre-Series A funding round.
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