Former BharatPe Chief Business Officer, Pratekk Agarwaal, has recently launched GrowthCap Ventures, a $7 million fund focused on early-stage investments in the fintech, software as a service (SaaS), and deep-tech sectors. The fund aims to raise ₹50 crore and will invest in 12-15 promising deals over the next two years.
GrowthCap Ventures, a single GP, category II AIF fund, will primarily target startups in the fintech, SaaS, and deep-tech sectors. The fund will provide early-stage investments, ranging from seed to pre-Series A rounds, with cheque sizes between $250,000 to $750,000.
Agarwaal, the founder and general partner of GrowthCap Ventures, plans to close the fund within two months. What makes this venture unique is its Operator VC model, the first of its kind. The strategy revolves around supporting exceptional founders with a tech-first approach and deep product insights. To be eligible for investment, the product must have already demonstrated early traction and the potential for significant scalability.
Apart from capital, GrowthCap Ventures aims to actively engage with its portfolio companies. They offer a tailored blend of operational expertise, advisory services, and access to non-banking financial companies (NBFCs) within the portfolio. Additionally, the network capital from mentors, operators, and venture capitalists provides valuable support.
The primary objective of GrowthCap Ventures is to identify and invest in promising startups in the fintech, SaaS, and deep-tech sectors. By backing visionary founders and helping them scale their businesses, the fund aims to contribute to the growth and development of these sectors.
The launch of GrowthCap Ventures signals a positive trend for early-stage startups in India, as it demonstrates the availability of funding and support for innovative ideas in the fintech, SaaS, and deep-tech domains. As the fund begins to close deals and invest in promising ventures, it is expected to play a significant role in shaping the startup landscape and driving innovation in these sectors. This move also reflects the growing confidence in the potential of Indian startups and their ability to disrupt traditional industries.
Overall, GrowthCap Ventures is poised to become a key player in the Indian startup ecosystem, providing the necessary capital, expertise, and network support to help early-stage startups thrive. As the fund progresses, it will be interesting to see the impact it has on the fintech, SaaS, and deep-tech sectors and the startups it invests in. With its unique approach and dedicated focus, GrowthCap Ventures has the potential to help drive the growth of India’s technology-driven economy.
