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Tech-focused VC fund PeerCapital raises Rs.300-Cr in first close of Rs.900-Cr debut fund
PeerCapital, an early-stage technology-focused venture capital firm, has raised INR 300 crore in the first close of its maiden fund, which was started in March last year. It plans to raise INR 900 crore (USD 108.7 million) towards the final close by this September. The total corpus includes a green shoe option of INR 300 crore. The fund raised capital from family offices, high-net worth-individuals (HNIs) and startup founders. It is now in talks with institutional investors. The firm was founded by Ankur Pahwa, former partner and national leader, e-commerce, consumer internet and startups at EY; Rohit MA, former managing director, Cloudnine Group of Hospitals; and Karthik Prabhakar, former managing director, Chiratae Ventures. PeerCapital is a category II alternative investment fund (AIF) which also has a Delaware, US-based feeder vehicle to tap into global capital. The firm has started deploying funds and its portfolio companies include Saveo, Furrl, Vaaree, OneImpression, Jar and Koo.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.