Pine Labs & Jupiter founders launch VC firm with $ 40 MN corpus to back Fintech start ups

• ByStartupStory     |    January 27, 2022

India’s funding success story was well absorbed by commensurate growth in venture capital funding in 2021.

In fact, Indian corporations, and their leaders in 2021 were much quicker on investing in venture capital (VC) or launching founders’ fund into arising start ups.

 Lately, the line is White Venture Capital introduced by IPO- bound Pine Lab’s founder Amrish Rau, fintech Jupiter’s Jintendra Gupta and administered by angel investor Sweta Rau.

The fund, with a corpus of $ 40 MN, will back fintech start ups all over India and south east Asia.

It will make cheques of $ 250K – $ 1 MN in seed to series A rounds, with follow up investments worth $ 2 MN -$ 3 MN.

Jitendra Gupta and Amrish Rau will be the VC firm’s limited partners and advisors, however, Sweta Rau will be the exclusive portfolio manager. The trio have put in $ 15 MN from their personal funds.

The firm’s limited partners allegedly consists of Sequoia Capital India, Japan’s credit Saison, TVF capital, humming bird Ventures, CRED’s Kunal Shah, among others.

According to the VC firm’s website, the founders have apparently collaborated their previous individual portfolio into white Venture Capital.

The firm nowadays displays that its portfolio includes fintech M2P, CRED, KhataBook, DotPe, Safe Pay, among others.

It has also invested in some non- fin tech start ups such as social platform Mitron, life style brand Bira, Q- commerce app Dunzo, among others.

The total funding in 2021 in India’s fintech ecosystem in the country ( the highest among all sectors), stood at $ 7.97 Bn across 280 deals, according to Inc 42 data — a 2x year – on – year growth.

Moreover, the emerging fin tech sector is worth $ 31 Bn, from the total financial market worth $ 500 Bn gesturing blistering innovation and requirements for funds within the segment.

Based out of Singapore, white venture capital affirming to conceiting institutionalising angel investing and backing “ passionate fin tech founders that are targeting huge markets and supported by a great team.”

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