Venturi Partners has launched its second fund with a corpus of $225 million and a hard cap of $250 million. The fund will focus on backing consumer brands in India and Southeast Asia. It will target sectors like retail, education, healthcare, and FMCG. The firm plans for a first close of $130 million by June.
Success of the First Fund
The first fund, with a corpus of $175 million, invested in seven companies. These sectors included education, retail, beauty, and home interiors. Key investors were Peugeot Invest, Ackermans & Van Haaren, and Frederic De Mevius. The fund also saw contributions from European and Asian family offices.
Current Portfolio and Investment Strategy
Venturi Partners’ portfolio includes Livspace, Country Delight, Believe, Pickup Coffee, DALI, and K-12 Techno Services. Founder Nicholas Cator stated, “We aim to back brands that create meaningful change and innovative solutions.” The firm is excited to continue partnering with ambitious entrepreneurs across the region.
Rising Investment Interest in Indian Startups
This fund launch comes amid rising interest in Indian startups. Investors, both domestic and global, are bullish on India. Earlier this month, Bessemer Venture Partners closed its second India-focused fund at $350 million. Last month, JV Ventures’ life sciences arm launched its first fund with INR 200 crore.
2024 Sees Increased Funding for Indian Startups
In 2024, 81 new funds launched for Indian startups, totaling over $8.7 billion. This is up from 64 funds worth $5.6 billion in 2023. The growing number of funds reflects strong investor confidence in India’s startup ecosystem.
As the market continues to grow, Venturi Partners’ second fund is well-positioned to back emerging brands in India and Southeast Asia.
