Latest news with #INR200crore
Entrepreneur
2 days ago
- Business
- Entrepreneur
Physis Capital Secures Over INR 200 Cr to Back High-Impact Startups
You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Physis Capital, the growth-stage venture fund launched by Vinay Bansal, Ankur Mittal, and Mitesh Shah—the founding team of Inflection Point Ventures—has raised over INR 200 crore from marquee institutional investors and family offices, including SUD Life, Haldiram's Family Office, Lotus Holdings, and Narayana Nethralaya. The final close of the fund is expected in the next six to nine months. The fund aims to invest in 15–20 high-impact, tech-driven startups across Pre-Series A to Series B rounds. Physis Capital will deploy initial cheques of USD 1–1.5 million and reserve follow-on investments of USD 1–4 million in high-performing portfolio companies. So far, it has already backed three ventures—Ben & Gaws, CTPL, and STAGE. "With strong support from marquee investors and a clear focus on founder-first investing, Physis Capital is well-positioned to back the next wave of high-impact startups in India," said Vinay Bansal, General Partner, Physis Capital. "We are currently evaluating 8 deals and expect to issue term sheets for 3–4 of them in the coming months, with sectors spanning healthtech, fintech, consumer brands, and quick commerce." The investor base includes notable names such as SUD Life—a JV between Bank of India, Union Bank, and Japan's Dai-ichi Life Holdings—and sector leaders like Narayana Nethralaya, along with influential family offices like Haldiram's and Lotus Holdings. These LPs bring not only capital but also strategic insights and domain expertise. "Our LPs add immense value beyond funding," added Ankur Mittal, General Partner. "Their operational depth and industry networks enhance our investment strategy and help scale our portfolio companies faster." Physis Capital benefits from its leadership's extensive experience: Bansal with over two decades in retail and consumer brands, Mittal's financial acumen from global investment banking, and Mitesh Shah's operational expertise from Ola and BookMyShow. Together, they aim to build a concentrated, high-conviction portfolio that supports India's next generation of category-defining startups.
Entrepreneur
21-05-2025
- Business
- Entrepreneur
247VC Launches INR 250 Cr India Fund I to Back Bold Founders at Seed Stage
The fund, though sector agnostic, will focus on four key themes: consumption, deep tech, enterprise tech, and Industry 5.0. Backed by detailed sub-theme research, 247VC aims to invest in 30 bold startups over the next three years. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Early-stage investment firm 247VC has announced the launch of its maiden India-focused fund—India Fund I—with a target corpus of INR 200 crore and an INR 50 crore greenshoe option, aiming for a total of INR 250 crore (approx USD 30 million). Registered with SEBI as a Category II Alternative Investment Fund (AIF), the fund will offer the first institutional cheque to high-potential founders across sectors, with provisions for follow-on capital in future rounds. Co-founded by Yagnesh Sanghrajka and Shashank Randev, 247VC brings over five decades of combined experience in operating, investing, and fundraising. The duo are seasoned Operator VCs, known for their sharp early-stage instincts and deep founder empathy. The fund, though sector agnostic, will focus on four key themes: consumption, deep tech, enterprise tech, and Industry 5.0. Backed by detailed sub-theme research, 247VC aims to invest in 30 bold startups over the next three years. "India is entering its most exciting startup decade," said Yagnesh Sanghrajka, Founder and Managing Partner at 247VC. "With this fund, we're doubling down on our mission to back ambitious founders at the seed stage—those who are obsessed with solving hard problems and building for scale. With experience across 200+ early-stage investments, we know how tough the 0 to 1 journey is. Together with ecosystem partners and co-investors, we're committed to helping build companies that will shape a Viksit Bharat by 2047." 247VC's track record includes investments in standout startups like Knight Fintech, EMO Energy, abCoffee, Vodex, Stupa Sports Analytics, and Breathe ESG. Known for early bets on bold ideas, the firm has also driven successful exits with returns exceeding 70X, cementing its role as a top value creator in India's seed-stage VC space. "This fund is not just a next step, it's a focused leap toward the kind of audacious innovation Bharat needs," added Shashank Randev, Founder and General Partner, 247VC. "Our edge is hands-on experience, deep networks, and a relentless belief in our founders solving meaningful problems. We want to enable the next category-defining companies, especially where markets are still forming or yet to be discovered." Backed by marquee names such as Sachin Tagra (JSW Ventures), Vivek Mathur (ex-Elevation Capital), and Gen AI expert Shailendra Majmundar, 247VC is poised to become a go-to seed fund for India's next wave of disruptive entrepreneurs.
