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SphitiCap has announced the launch of its first venture fund with total assets of $500 million, which the company is closing. Early stage funds support investments in businesses that are aligned with the principles of sustainability, growth and impact.
“India’s investment landscape is incredibly diverse. With new businesses constantly emerging, we are determined to decentralize the startup revolution and empower founders determined to make a difference and solve real-world problems. As an India-centric industry agnostic Pallav Kumar Singh, managing partner of SphitiCap, said that we are focused on value rather than valuation.
SphitiCap is based on innovation and focuses on investing in businesses that are aligned with the principles of sustainability, growth and impact. The total funding of the fund is $500 million. The company aims to focus on sustainable profitable growth with a clear exit strategy. According to the company’s statement, it is pioneering Indian businesses by seamlessly and robustly embedding large-scale funding and investor confidence ecosystems.
“While most early-stage businesses are confident in the products they sell, there are often holes in their go-to-market strategies that can impact a company’s overall revenue generation, and thus its scalability and profitability. We at SphitiCap will provide Sahana Goel, Head of Growth at SphitiCap, said: “Supporting selected businesses by building a compelling ecosystem and optimizing the ROI of our portfolio companies. We’re excited to be able to make a difference from the ground up. “
Launched in 2022, SphitiCap is an India-focused early stage industry agnostic fund investing primarily in 10 industries in India. Built on a solid foundation of encouraging the growth of the most groundbreaking businesses in industries that are often overlooked or undervalued, SphitiCap aims to be a leading early stage fund with innovative programs, a strong founder network and a strong team.