V3 Ventures Launches €100 Million Fund to Power Consumer Innovation Across Europe, US and India
- ByStartupStory | April 4, 2023
V3 Ventures, an early-stage venture capital fund backed by Verlinvest, has recently announced its official launch in India. The fund intends to invest a maximum of €100 million (approximately $109 million) in Europe, the United States, and India. Its primary focus will be on investing in the consumer sector, including new-age brands, technology, enablers, and platforms, particularly at seed and series A stages.
Verlinvest has gained recognition for its investments in well-known consumer brands such as Oatly, Vita Coco, Tony’s Chocolonely, BYJU’s, Sula Vineyards, and Purplle.com throughout its 25-year history.
The fund has invested in Kuku FM, an audio content platform, and Eka Care, a digital healthcare app, in India.
Vaidya, Co-founder, and Investment Partner at V3 Ventures said, ‘’While startup founders in India have many options for capital, what matters most is being backed by investors who understand the arduous nature of building much-loved, consumer brands. At V3, we have thorough experience in creating startups ourselves. This is the unique value add we’d like to bring to the table.”
Lopo Champalimaud and Arjun Vaidya, both seasoned entrepreneurs, will be at the helm of V3 Ventures. Vaidya will oversee the company’s investments in India and is renowned for establishing Dr. Vaidya’s in 2016, which quickly emerged as India’s top Ayurvedic direct-to-consumer (D2C) brand. Within four years, he expanded the brand to more than 16,000 zip codes, launched over 80 products, and amassed a customer base of over 2 million. The brand was subsequently purchased by RPSG Ventures.
Follow Startup Story
Related Posts
