Funding Alert

Colossa WomenFirst Fund Raises ₹100 Crore in Its First Close

• ByStartupStory     |    March 8, 2024

On the eve of International Women’s Day, Colossa Ventures, a SEBI registered venture capital management company, has announced the first close of its maiden fund – Colossa WomenFirst Fund at ₹100 crore.

“The first close marks an important milestone for Colossa WomenFirst Fund. Colossa’s mission is to unlock the great potential of India’s trillion-dollar women economy that is not just underpenetrated, but underinvested in and underestimated. It seeks to do so by identifying, backing, and fast-tracking high-potential Women entrepreneurs building disruptive businesses through powering them with Colossa’s proprietary 3C framework: Capital, Capability, and Confidence,” said Ashu Suyash, Founder & CEO of Colossa.

The fund with a target corpus of ₹500 Crore will primarily focus on investing at the Pre-Series A stage and beyond.

“Our vision resonates with our commitment to fostering long-term growth by powering underrepresented entrepreneurs in India. As women increasingly take the lead in building substantial businesses, we see our participation in Colossa WomenFirst Fund as strategic deployment of ‘confidence capital’ to fuel the growth of women entrepreneurs,” remarked Ranjan Pai, Chairman, Manipal Education and Medical Group (MEMG).

Based on extensive research, Colossa sees immense opportunity in Healthcare and HealthTech, FinTech, Climate & Clean-Tech, Deep Tech, and the Consumer sectors.

“Women are at an inflection point of the Indian economy, and the next decade is going to be owned by women entrepreneurs. We see this as an opportunity to build a unique portfolio catalyzing strong financial performance,” expressed Vandana Rajadhyaksha, Co-Founder of Colossa.

Colossa Ventures has been founded by Ashu Suyash and Vandana Rajadhyaksha. The fund’s unique strategy leverages gender diversity to generate alpha, attracting well-known institutions such as SIDBI and renowned family offices like Dr. Ranjan Pai’s Family Office and the Shriram Ownership Trust to invest in the first close.

“With Women’s contribution to GDP expected to register strong growth in the coming years, our organization is looking to back exceptional women founders who can contribute to building a sustainable and inclusive future. We believe that the Colossa team is well placed to do so, and we are proud to invest in the Colossa WomenFirst fund,” stated S.P. Singh, Chief General Manager Incharge Venture Finance & Investment Vertical, SIDBI.

 

 

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