Now transitioning to an advisory and mentorship role, Mathur plans to work closely with early-stage startups in D2C, agritech, climate and defence tech spaces
The Mumbai-based growth tech-focused fund has received commitments from Amansa Capital’s Akash Prakash, who is the largest Limited Partner (LP), besides global and Indian institutional investors and family offices such as HDFC Fund of Funds, SIDBI, SRI Fund, Oister Global, DSP family office, Harsh Jain, CEO of Dream11.
With the first close the fund is actively looking to start building out its portfolio, it said, with the first investment already committed to and a target of investing in 4-5 companies every year.
In a statement, the VC firm said its maiden fund will invest in cleantech, fintech, deeptech, agritech, proptech, SaaS, digital media, direct to consumer, spacetech, defence, and logistics and supply chain.
Entrepreneurs will “have to make their capital last 18 months,” Raj Ganguly, B Capital’s co-founder and managing partner, said in an interview with Bloomberg Television’s Haslinda Amin and Shery Ahn in Singapore on Friday.