Cactus Venture Partners to pump in USD 100 mn in start-ups over 3 years
The venture capital company aims to invest USD 100 million in fast-growing direct-to-consumer (D2C) brands and technology start-ups.
Cactus Venture Partners is planning to invest USD 100 million, mostly in start-ups based in India, over the next 3 years.
Cactus Venture Partners founder and General Partner Anurag Goel told PTI that the company will invest between pre-Series A to B funding rounds.
The venture capital company aims to invest USD 100 million in fast-growing direct-to-consumer (D2C) brands and technology start-ups.
"Almost all of our investments will be in Indian start-ups but we will look closely for those companies that can leverage our networks to grow and expand internationally," Goel said.
Cactus Venture Partners (CVP) portfolio includes Auric, an Ayurveda brand targeting millennials; AMPM, a global lifestyle brand with a modern Indian aesthetic, and Vitraya Technologies, a business-to-business service-as-a-product player that functions at the intersection of health technology and insurance technology.
Last month, the fund had announced an investment of around USD 1 million in Rubix Data Sciences in a pre-Series A funding round and has plans to follow on in the next round.
CVP will invest in start-ups that have established product-market fit and can accelerate significantly with soft-touch guidance by the company.
See Zee Business Live TV Streaming Below:
"We are especially excited to invest in companies that are building sustainably and for the longer term," Goel said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Top 5 mid cap mutual funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Exclusive: Sebi reviews authorised person regulations; discusses minimum qualification, NISM certification and deposit amount criteria
SIP Investment: Can Rs 70/day savings help you build Rs 6 crore corpus? Understand calculations for 10, 20, 30, and 40 years at 13%, 14%, and 15% return
Stocks To Buy For 2 Weeks: Axis Direct recommends buying these stocks for 5-15 day; check targets, stop losses
02:54 PM IST