PixelSky Capital Launches Rs 400 Cr Late-Stage Fund

PixelSky Capital, a secondaries fund started by Bengaluru-based investment bank IndigoEdge and entrepreneur Hitesh Ahuja, has launched its first fund with a target of Rs 400 crore. 

The fund aims to invest in late-stage tech and consumer companies. Ahuja, who sold his foodtech startup Yumlane to Curefoods in 2023, has already invested in beauty retailer purplle and plans to make its second investment by June. 

The fund will focus on companies planning to go public in 3 to 4 years, with investments of Rs 40–50 crore each. The founders have invested Rs 10–15 crore of their own money and the fund is also raising capital from family offices and unicorn founders. It is expected to close by March 2026.

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IndigoEdge, an investment bank, is joining a growing group of firms focusing on new-economy deals by launching its own fund.

The firm has been making investments from its own funds and has also been a limited partner in 8–10 venture capital funds, investing Rs 25–30 crore so far.

With PixelSky, IndigoEdge aims to offer new investment products alongside its existing services, having facilitated over 150 deals worth about $3 billion.

IndigoEdge cofounder Zerin Rahiman, along with Hitesh Ahuja, a former executive at private equity firm New Silk Route, will lead the fund.

PixelSky Capital plans to assess around 20 companies in tech and consumer sectors and will select eight for investment.

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