Cactus Venture raises Rs 630 cr

Mumbai: Cactus Venture Partners on Wednesday announced that it has raised Rs630 crore for its maiden fund to invest in early growth stage startups. This is the final close for the fund, which will invest in climate technology, health technology and business-to-business software as a service company backed by purpose-driven entrepreneurs.

CVP will focus on Series A and early Series-B fundraising stages, targeting companies that have established Product-Market Fit (PMF), a statement said. The statement said 60 per cent of the capital commitments have come from domestic sources, while the remaining are from international limited partners.