Pentathlon Ventures announces close of maiden fund at Rs 76 cr
- ByAyushi Ray | September 22, 2021
Pentathlon Ventures announces close of maiden fund at Rs 76 cr. The Fund has been oversubscribed, it said in a press release. Pentathlon plans to invest in 20+ B2B SaaS startups in a year and make investments between Rs 75 lakh and Rs 3 crore on an average. One of the fund’s primary goals is to identify and collaborate with those who exhibit the ‘DNA of Scale’. Startups who possess this unique trait show a deep understanding of their market as well as their limitations. Their founders, too, are dynamic and innovative, and they operate with agility, relentlessness, and speed.
The firm’s investment strategy is based on a fundamental, value-oriented approach. It invests in companies that have a proven product market fit, possess strong intellectual property, and display the potential for market disruption. As such, the Pentathlon fund serves as a critical link between the seed round and series A/B funding, it said. “We appreciate the confidence and trust our investors have shown in our team and strategy. Not to mention the unwavering support of the brilliant entrepreneurs who continue to partner with us,” said Gireendra Kasmalkar, Managing Partner, Pentathlon Ventures.
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