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🚀GrowthCap Ventures Set to Close Maiden INR 50 Cr Fund in 2 Months. Former BharatPe chief business officer Pratekk Agarwaal's venture capital firm, GrowthCap Ventures, is on track to finalize its inaugural fund at INR 50 Cr within the next couple of months. 📈 Fund Details: - Fundraising Progress: GrowthCap Ventures has already secured 50% of the fund's corpus. - Investment Focus: The fund intends to invest in 10-12 early-stage startups, primarily targeting fintech, SaaS, and deeptech sectors. - Sector Allocation: Allocation breakdown includes 60% for fintech, 30% for SaaS, and 10% for deeptech investments. 💼 Portfolio Investments: - GrowthCap Ventures has already made its mark by investing in Advance Mobility, a sustainable mobility startup specializing in fleet services for ride-hailing giant Uber. - Notable Limited Partners: The fund boasts a prestigious lineup of limited partners, including industry stalwarts like Beerud Sheth of Gupshup, Shankar Vailaya of Sharekhan, and others. 🎯 Future Endeavors: - Agarwaal envisions the launch of a growth-stage VC fund named 'Winners Fund' with a corpus of INR 250 Cr next year. This fund will target growth-stage startups in fintech, SaaS, and deeptech sectors, aiming to invest $2 Mn-$3 Mn per startup. - Operator-Driven Approach: GrowthCap Ventures adopts an operator-driven model, leveraging the experience and expertise of industry veterans to guide portfolio startups in their growth journey. 📈 Trends in the VC Landscape: - Rise of Operator VC Funds: Agarwaal highlights the growing trend of industry executives launching their own VC funds, driven by the desire to invest in and mentor multiple startups. - Founder Preference: Founders increasingly seek mentorship from experienced operators, fueling the demand for operator-driven VC funds. 🌱 Emerging Opportunities: - Despite the perceived funding slowdown, the startup ecosystem continues to witness the emergence of new funds led by former CXOs, underscoring the abundance of capital and the demand for strategic mentorship. GrowthCap Ventures' proactive approach and strategic focus on nurturing early-stage startups reflect its commitment to fostering innovation and driving growth in India's vibrant startup ecosystem. #GrowthCapVentures #VentureCapital #Fintech #SaaS #Deeptech #StartupInvestment #StartUpNews #BusinessNews #MicroShots #NewsUpdates

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