Singapore-based private equity funds and venture capital (VC) Leo Capital is preparing to launch its third fund, with a corpus of $125 million. The VC firm has attracted global investors such as Cendana Capital, among others, with the goal of providing early-stage financing to consumer tech startups in India.
The third fund may have a complete corpus of $125 million and can again be tech-driven client companies, SaaS startups and practically 150 startups throughout healthtech, fintech, insurtech, edtech, Web3, logistics and extra.
Leo Capital focuses on two investment themes. The first is technology-based domestic consumption startups in India – consumer internet, commerce, healthtech, logistics, edtech, fintech, insurtech, and so on. Second, global technology companies from India, such as SE Asia-focused firms or global SaaS firms. Leo Capital has made 32 investments since 2018, with two exits as a result of its success. Twenty people have gone on to raise additional funds.