Venture capital platform Capfort to raise Rs 200 cr maiden fund
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Mumbai: Capfort Ventures, a newly launched venture capital platform, on Wednesday announced that it will be raising up to Rs 200 crore in a fund.
The fund, set up by former chief executive of Venture Catalysts Abhimanyu Bisht and Hiraco Ventures Founder Kavit Sutariya, aims to invest in 40 startups having a valuation within Rs 100 crore each, as per a statement. It will invest Rs 2-6 crore in every startup it chooses, and the fund will be focused on technology companies. The first close of Rs 100 crore is being targeted by the end of the year, the statement said, adding that the fund also has a green shoe option of Rs 100 crore. It aims to raise a majority of the fund from domestic investors, including institutional investors, family offices, and ultra high net-worth individuals, the statement said.
