Dharana Capital, an offshoot of VY Capital, has raised $250 million for its second India-focussed vehicle to back tech and consumer businesses, it said in a statement. The growth-stage investment firm has earlier backed the likes of Zomato, Urban Company, LAT Aerospace and NoBroker.
With the new fund, its total assets under management are at $450 million.
It said that its limited partner (LP) base includes US university endowments, healthcare companies and other non-profit organisations.
“We believe India’s listed tech market cap will grow multi-fold over the next decade as more new-age enterprises go public. Our goal is to partner with a select few and play a meaningful role in this value creation,” founder and managing partner of the fund, Vamsi Duvvuri, said.
With the new fund, its total assets under management are at $450 million.
It said that its limited partner (LP) base includes US university endowments, healthcare companies and other non-profit organisations.
“We believe India’s listed tech market cap will grow multi-fold over the next decade as more new-age enterprises go public. Our goal is to partner with a select few and play a meaningful role in this value creation,” founder and managing partner of the fund, Vamsi Duvvuri, said.