WaterBridge Ventures, marks the final close of their second fund at $150 million ( ₹1,112 crore)
- ByStartupStory | November 24, 2021
The second fund seeks to invest $500,000 to $3 million each in 25 startups across seed and Series A rounds. It will also reserve capital for follow-on investments in best-performing companies. The fund has made 10 bets already, Kheterpal said. WaterBridge has more than $250 million in assets under management, he added.
The second fund’s corpus is higher than the initial target of $100 million and is larger than its first fund, which closed at $30 million in early 2018.
Excessive investor curiosity within the Indian startup ecosystem has led to the creation of 37 unicorns this yr in contrast with simply 11 in 2020. Enterprise capital companies reminiscent of A91 Companions and Stellaris Enterprise Companions have elevated their fund targets in latest instances.
A91 Companions, floated by former Sequoia Capital executives, has marked the ultimate shut of its second fund at $550 million.
WaterBridge’s second fund is equally cut up between world and home restricted companions (LPs). LPs within the fund embody institutional buyers, household places of work from Singapore, Indonesia, Hong Kong, the Center East, the US and India, Kheterpal mentioned. The second fund has LPs reminiscent of Sidbi’s fund of funds, an Asian fund of funds and a sovereign household workplace from the Center East.
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