GrowthCap Ventures would invest in 12-15 deals in the next two years, with cheque sizes ranging from $250,000 to $750,000. As confirmed by Agarwaal during an interview with ET, the first close of the fund is anticipated within two months.
Agarwaal expressed that apart from providing capital, GrowthCap Ventures will actively engage with its portfolio companies. The approach entails offering a blend of operational expertise, tailored advisory services, and access to non-banking financial companies (NBFCs) within the portfolio, along with network capital from mentors, operators, and venture capitalists. Eligibility for investment requires the product to have already demonstrated early traction and the potential for significant scalability.
Some of the investments made by Agarwaal include Decentro, FidyPay, Klub, Karmalife, Fundly, Transbnk, EximPe, Finsire, Threedots, Coffeee.io, Coverself, PumPumPum, among others.
Meanwhile, according to the Securities and Exchange Board of India (Sebi), the total amount raised by AIFs stood at Rs 8.3 trillion, as of 31 March this year.
Sebi created these funds for large investors like HNIs, family offices and institutions. These are private capital which goes into pooled investments. There are three different kinds of AIFs. Category one are those funds which can have an impact on the broader economy. These could be venture capital funds, these could be social funds, these could be SME or infrastructure funds.
