Physis Capital raises Rs 150 cr for Rs 400 cr fund, to invest in startups

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Venture Capital firm Physis Capital has received commitment of Rs 150 crore for its around Rs 400 crore or USD 50 million venture fund, which it plans to invest in 12-15 startups, a senior official of the firm said on Tuesday.

"Our Rs 400 crore fund is split into four buckets comprising Rs 100 crore retail investors, Rs 100 crore family offices, Rs 100 crore from financial institutions and Rs 100 crore from the government.

Physis Capital, General Partner, Vinay Bansal told PTI that the firm expects the final close of the fund by early 2026.

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Category: BusinessFinance

Markets: India

Topics: Inflection Point Ventures Rs 400 crore fund Government investment Indian startups Venture capital Physis Capital Retail investors Vinay Bansal CTPL investment Startup investments

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News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 14:18:44 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 339 words

Reading Time: 2 minutes read

Sentences: 14 lines

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Copyright Owner: © Business Standard

News ID: 23548309

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