The debut fund of technology-focused investment firm Filter Capital has reached its final closure at Rs 800 crore, or roughly $96 million.
60% of the fund’s investment commitments come from domestic investors, and the remaining 40% come from foreign investors. Among the investors are prominent Indian family offices and institutional investors, including HDFC Fund of Funds, SIDBI, SRI Fund, Oister Global, DSP family office, Dream11 CEO Harsh Jain, and founder of Amansa Capital Akash Prakash.
The first fund was launched in 2021 by the company’s founders, Nitin Nayar and Sumit Sinha, and it closed for $14 million in the middle of 2022.
Read also – Embassy Group Invests INR 1,160 Cr in Indiabulls Real Estate Limited (IBREL) via Preferential Allotment
Filter Capital India Fund I have invested almost INR 225 crore from its corpus in four companies so far: Capillary Technologies, Chalo Mobility, LoadShare Networks, and THB.
Growth-stage investment firm Filter Capital specializes in technology and leads or co-leads Series B and C investments. From the initial fund, it intends to invest in eight to ten businesses.
About Filter Capital
Founded by Nitin Nayar and Sumit Sinha, Filter Capital assesses growing investment prospects in India’s tech and tech-enabled industries. The company will focus on prospects in developing industries including software, the Internet, and electronic payments.
Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:
Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.
Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.
Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.
