Sorin will look to raise as much as around $130 Mn in the fund, with a greenshoe option of $30 Mn
It will write a dozen cheques worth between $2 Mn and $10 Mn for startups in Series A to Series C
The fund will invest in startups from fintech, consumer internet, SaaS, healthtech and proptech
Sorin Investments, a VC firm set up by KKR’s Sanjay Nayar and Caravel Group’s Angad Banga, has raised $100 Mn (INR 798 Cr) from multiple family offices for its debut fund.
Sorin Investments’ first close saw investments from Henry Kravis, cofounder, KKR and Sunil Kant Munjal, chairman, Hero Enterprises and a few more family offices from India and abroad. Nayar and Banga invested their personal capital in Sorin’s debut fund as sponsor commitments.