inventus capital announce final close
Inventus Capital Announces Final Close Of Third Fund At $51.98 Mn
Bengaluru-based early-stage venture capital firm Inventus Capital Partners has announced the final close of its third fund at INR 369 Cr ($51.98 Mn). Samir Kumar of Inventus Capital Partners told ET that the third fund will make about 15 investments in total. The investment has come in from a mix of institutional investors, such as Small Industries Development Bank of India, family offices and technology entrepreneurs, including founders from its portfolio companies such as Phanindra Sama of redBus and Ramesh Emani of Insta Health. Inventus Capital was set up in 2007 and has been actively involved with investing in startups both in Silicon Valley and in India. It has invested in 65 US-based companies and 26 Indian companies.