Funding Alert

Ex-BharatPe CBO Unveils Technology Fund, Aiming to Invest in 15 Startups within 2 Years

• ByStartupStory     |    August 3, 2023

Pratekk Agarwaal, previously the Chief Business Officer at BharatPe, has introduced GrowthCap Ventures, a pioneering category II fund aimed at raising ₹50 crore. This singular GP, category II Alternative Investment Fund (AIF) will concentrate on early-stage investments, spanning from seed to pre-Series A funding rounds, with a primary focus on the fintech, software as a service (SaaS), and deep-tech sectors.

GrowthCap Ventures is set to engage in 12-15 promising investment opportunities over the coming two years, offering funding amounts ranging from $250,000 to $750,000. The uniqueness of this venture lies in its Operator VC model, marking it as the first of its kind. The strategy revolves around supporting exceptional founders who adopt a tech-centric approach and possess profound insights into product development. Eligibility for investment requires the product to have already demonstrated early traction and the potential for substantial scalability.

Agarwaal confirmed that the fund’s first close is expected within the next two months. Beyond capital infusion, GrowthCap Ventures will actively collaborate with its portfolio companies, providing a distinct combination of operational expertise, customized advisory services, and access to non-banking financial companies (NBFCs) within the portfolio. Additionally, the fund will leverage network capital from mentors, operators, and venture capitalists to nurture growth.

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