Gemba Capital anticipates to close VC fund at $ 13 million
- ByStartupStory | May 6, 2022
The early-stage venture company Gemba Capital labelled the initial close of its micro VC fund at $10 million but after analysing the response the fund has received, it expects to close at $13 million. Adith Podhar, the founding partner of this Bengaluru-based VC and private equity company Gemba Capital said that the company has gained an overwhelming response from LPs for the fund that was launched in 2021. He also added that they want to finish all the ongoing discussions and should get oversubscribed to reach Rs 100 crores.
The VC firm is focusing on utilising half of the fund money in seed and pre-seed funding rounds of fintech as well as SaaS startups. However, the remaining funds will be allocated for startups working in Web 3.0, gaming and deeptech sectors. The firm also focuses on investing in healthcare and flourishing B2B e-commerce startups.
Gemba Capitals has also earmarked around 35% of the funds for taking part in follow-on rounds in winners from its portfolio partners. Initially, it has invested $100 K-$200 K in the startups. The company’s portfolio includes some of the startups like Plum and Verak, Wint, Strata and Grip, Inai, ClickPost, Unnati, etc.
Anupreet Singh was recently appointed as a venture partner by Gemba Capital. Gemba Capital’s founder Podhar before starting this firm in 2018 has previously worked with Motilal Oswal PE Fund and Cipher-Plexus Capital Advisors.
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