ETtechEarly-stage consumer venture capital fund RPSG Capital Ventures has announced the close of its latest Fund II at Rs 550 crore.
The fund, launched in January 2024, is exercising the green shoe option to accommodate higher investor interest, which stood at over 150% of its target fund size.
With Fund II, the firm said it has already invested in startups such as Supertails, Perfora, Rabitat and Headway.
“We are deeply humbled by the confidence shown in us by our existing and new investors. We’re focused on generating returns for them and remain committed to our investment fundamentals of creating a focused and limited portfolio with strong underwriting filters,” said Abhishek Goenka, managing partner, RPSG Capital Ventures.
RPSG Capital Ventures has invested in 16 companies so far, with over 90% success rate in its portfolio. This includes brands such as The Souled Store, Supertails, Perfora, mCaffeine, Vedix, SkinKraft, Plix, and True Elements.
Founded in 2018, the firm typically invests in Series A rounds, with initial cheques ranging from Rs 10 to 40 crore in the digital consumer ecosystem across food and beverages (F&B), beauty, health & wellness, entertainment, lifestyle goods and consumer enabler categories.
The firm’s first fund, with a total corpus of Rs 100 crore, was launched in 2018 and is still operational, the company said.
The closure of Fund II comes amid a wave of similar announcements by Indian venture capital firms. On May 29, ET reported that Sorin Investments, an early-stage venture firm founded by former KKR India CEO Sanjay Nayar, made the final close of its maiden fund at Rs 1,350 crore. Similarly, IvyCap Ventures, which has backed startups such as BlueStone and Purplle, recently announced the final close of its third fund at Rs 2,100 crore.
Additionally, Sauce VC, also a backer of Supertails, has recently launched its third fund with a target of Rs 250 crore.
The fund, launched in January 2024, is exercising the green shoe option to accommodate higher investor interest, which stood at over 150% of its target fund size.
The investor base of this fund was largely domestic, including family offices, high net worth individuals and industry veterans from the consumer sector. Alongside other repeat investors from its previous funds, RPSG group itself has doubled its initial investment as the anchor investor, the fund said in a statement on Thursday.
With Fund II, the firm said it has already invested in startups such as Supertails, Perfora, Rabitat and Headway.
“We are deeply humbled by the confidence shown in us by our existing and new investors. We’re focused on generating returns for them and remain committed to our investment fundamentals of creating a focused and limited portfolio with strong underwriting filters,” said Abhishek Goenka, managing partner, RPSG Capital Ventures.
RPSG Capital Ventures has invested in 16 companies so far, with over 90% success rate in its portfolio. This includes brands such as The Souled Store, Supertails, Perfora, mCaffeine, Vedix, SkinKraft, Plix, and True Elements.
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Founded in 2018, the firm typically invests in Series A rounds, with initial cheques ranging from Rs 10 to 40 crore in the digital consumer ecosystem across food and beverages (F&B), beauty, health & wellness, entertainment, lifestyle goods and consumer enabler categories.
The firm’s first fund, with a total corpus of Rs 100 crore, was launched in 2018 and is still operational, the company said.
The closure of Fund II comes amid a wave of similar announcements by Indian venture capital firms. On May 29, ET reported that Sorin Investments, an early-stage venture firm founded by former KKR India CEO Sanjay Nayar, made the final close of its maiden fund at Rs 1,350 crore. Similarly, IvyCap Ventures, which has backed startups such as BlueStone and Purplle, recently announced the final close of its third fund at Rs 2,100 crore.
Additionally, Sauce VC, also a backer of Supertails, has recently launched its third fund with a target of Rs 250 crore.
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