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GrowthCap Ventures Marks First Close At Rs 20 Cr, Aims To Invest In Early-stage Startups

The founder and General Partner, Pratekk Agarwaal revealed plans to leverage this interest in the next fund, which is projected to be a winners Fund with an estimated size of approximately Rs 250 crore

GrowthCap Ventures, the brainchild of former BharatPe CBO, Pratekk Agarwaal, marked its first close, securing an initial funding of Rs 20 crore. 

The firm is now poised to make investments in early-stage startups specializing in Fintech, SaaS, and Deeptech, offering funding in the range of Rs 2 crore to Rs 6 crore. 

The venture, armed with a game-changing Operator VC model, is poised to redefine the early-stage investment landscape.

Marking a significant milestone, GrowthCap Venture's inaugural Operator VC fund aims to support 10-12 startups over the next 20 months. 

Pratekk Agarwaal, the founder and General Partner, shared insights on the achievement and said, "Obtaining the Cat2 fund license in July '23 and achieving the timely first close is a noteworthy milestone for us. For our inaugural fund, we have selectively garnered investments from accomplished Operators who have successfully built large organizations. This exclusive funding opportunity is by invitation only."

The fund boasting a powerhouse lineup of LPs and mentors, including industry giants like Beerud Sheth of Gupshup, Shankar Vailaya of ShareKhan, Naresh Naik of Irep Capital , Deepak Sharma, Ex CDO Kotak Bank, Ankur Jain of Incred , Sanjit Nagarkatti , Gaurav Bhojak of IIFL , Ravi Shankar , Rishi Dhandia, Atul Shekhavat , Prasanna Lohar & Ritesh Jain sets the stage for an unparalleled investment journey.

He revealed plans to leverage this interest in the next fund, which is projected to be a winners Fund with an estimated size of approximately Rs 250 crore Agarwaal emphasised, "We are excited about the prospects ahead and remain committed to fostering innovation and growth in the Fintech, SaaS, and Deeptech sectors."


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