Fund News
Whiteboard Capital closes second fund at Rs.300-Cr
Venture Capital firm Whiteboard Capital has closed its second fund at INR 300 crore, double its initial target of INR 150 crore.The second fund, which has already begun deploying capital, includes several family offices and domestic institutions as limited partners (LPs). It plans to invest in about 50 companies with a significant focus on follow-on investments within its existing portfolio. About 30-35% of deployable capital will go towards new cheques and roughly a double of that is reserved for follow-on into (existing) portfolio companies.
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