Gemba Capital, a venture capital firm based in Bengaluru, has introduced its second fund with a target corpus of Rs 250 crore, which includes a green shoe option of Rs 50 crore.
Gemba Capital’s Fund-II intends to allocate funds to 30 early-stage firms, specifically focusing on businesses in the fintech, consumer tech, and B2B sectors that prioritize their platform. Each startup will receive an initial investment of Rs 5 crore, with a 30% reserve ratio set aside for future investments.
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Gemba Capital is a small venture capital fund that specializes in investing in startups in the consumer internet, SaaS, fintech, and deep tech industries. They have made investments in a total of 50 startups. The Fund I, which was founded in 2022, had a total amount of Rs 70 crore, and each individual investment was typically Rs 2 crore.
Adith Podhar, General Partner, Gemba Capital, said: “Our journey has evolved from investing proprietary capital to running an angel syndicate and then raising and investing from our Rs 70 crore Fund-I. We are now looking to partner with institutional LPs for our Rs 250 crore Fund-II. The Indian early-stage startup ecosystem needs more institutional capital to be deployed through Single-Stage VC funds like us,”
Govind Lohia, Principal at Gemba Capital, said: “We are one of the leading institutional micro VC funds in India at the seed stage, and we remain committed to being a seed investor. Founders recognize the immense value we bring to the capable, which sets us apart. The fund has supported its portfolio companies in multiple areas, including customer introductions, fundraising and strategic planning,”
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