Growth Sense Angel Fund Closes at Rs 100 Crore to Back India's Early-Stage Startups
Growth Sense Private Limited has marked a significant milestone with the first closure of its SEBI-registered Angel Fund, Growth Sense Venture Fund. This development signals a vote of confidence in India's burgeoning startup ecosystem.
The fund, a Category-I Alternative Investment Fund (AIF), has raised Rs 100 crore and is poised to fuel the next wave of high-potential, early-stage startups in the country. Co-Founder and Director Sanjay Sarda views this closure as a reaffirmation of Growth Sense's long-term belief in India's founders.
Growth Sense Venture Fund aims to be more than just a financial backer. It aspires to be a true partner to startups, offering strategic, operational, and long-term support. The fund has a 25-year term and requires a minimum commitment of Rs 25 lakhs per individual investor. It is attracting seasoned angel investors, family offices, and startup ecosystem veterans.
The fund operates under the trusteeship of Mitcon Credentia Trusteeship Services Limited. Sanjay Sarda, the fund's Investment Manager, holds the required NISM Series XIX-C certification. Growth91, a digital investment-startup marketplace by Growth Sense, has over 2000 registered investors and has launched 'Future Unicorn', a discovery platform for high-potential startups.
With the first closure of Growth Sense Venture Fund, the stage is set for the fund to play a pivotal role in nurturing India's early-stage startups. The fund's long-term commitment, strategic support, and robust ecosystem backing position it well to identify and foster the next wave of unicorns.
Read also:
- Kazakhstan's National Bank Boosts Currency Sales to $1.4 Trillion in Q4
- Federal petition from CEI seeking federal intervention against state climate disclosure laws, alleging these laws negatively impact interstate commerce and surpass constitutional boundaries.
- Duty on cotton imported into India remains unchanged, as U.S. tariffs escalate to their most severe levels yet
- Steak 'n Shake CEO's supposed poor leadership criticism sparks retaliation from Cracker Barrel, accusing him of self-interest
