Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Gemba Capital marks initial close of maiden micro-VC fund at Rs.75-Cr
Seed VC firm Gemba Capital has made an initial close of INR 75 crore for its maiden fund. The micro-venture capital firm had launched its USD 10 million (about INR 77 crore) micro-VC fund in September last year. The fund expects to get oversubscribed and touch INR 100 crore for final close. Gemba Capital plans to invest 50% of the fund in fintech and SaaS (software-as-a-service) companies. The remaining will be opportunistically deployed across sectors such as Web 3.0, gaming, deeptech, healthcare, and B2B commerce. Gemba Capital's ticket size will be from USD 100,000 – USD 250,000 as the first cheque. It has kept around 35% of the fund size as reserve allocation for participating in follow-on rounds in winners from the portfolio. Gemba Capital's pre-fund portfolio companies include Plum and Verak (insurtech); Wint, Strata and Grip (alternative investment); Inai, ClickPost, Zuper, Tranzact, Threado (SaaS); as well as Smartstaff, Unnati, and Krishikan (marketplace/aggregators).
Want to receive such news items in your inbox? Click Here to sign up for a trial.
Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.