RPSG Ventures to raise Rs.500-Cr new fund, tap external investors

Having invested in 12 companies through its inaugural INR 100 crore fund, RPSG Capital is looking to raise INR 500 crore for its second fund. More than 50% of the capital for the second fund would be raised from external investors. With its new fund, RPSG expects to invest in D2C startups that have ventured beyond Tier 1 cities and metros. The new fund will invest USD 3 – 4 million per deal. RPSG Capital typically acquires 10-20% stake in the companies it invests in. The first fund has an approximate IRR of over 70%. It has backed the likes of ayurvedic beauty brand Vedix, personal care brand mCaffeine, and plant-based nutraceutical brand Plix, fashion brand The Souled Store among others.