Venturi Partners Launches $225 Mn Second Fund To Back Consumer Brands

SUMMARY

It is eyeing the first close of the fund at $130 Mn by June this year, with backing from existing investors

The Singapore-based investment platform said that the fund will focus on sectors like retail, education, healthcare and FMCG

Venturi Partners’ first fund had a corpus of $175 Mn and its portfolio companies include Livspace, Country Delight, K-12 Techno Services

Livspace-backer Venturi Partners has launched its second fund with a corpus of $225 Mn (a hard cap of $250 Mn) to back consumer brands in India and Southeast Asia.

The Singapore-based investment platform said that the fund will focus on sectors like retail, education, healthcare and FMCG. It is eyeing the first close of the fund at $130 Mn by June this year, with backing from existing investors.

The firm plans to invest $15 Mn to $40 Mn each in 10 startups from the second fund.

Venturi Partners’ first fund, which had a corpus of $175 Mn, invested in seven companies across sectors such as education, retail, beauty and home interiors. The first fund was anchored by three cornerstone limited partners (LPs) – Peugeot Invest, Ackermans & Van Haaren, and Frederic De Mevius while European and Asian family offices also infused capital in it.

Venturi Partners’ portfolio company includes Livspace, Country Delight, Believe, Pickup Coffee, DALI, K-12 Techno Services, among others.

On the second fund launch, Venturi Partners’ founder Nicholas Cator said, “Our investment philosophy remains unchanged, backing brands that create meaningful change and deliver innovative solutions to consumers. With this second fund, we are excited to continue partnering with ambitious entrepreneurs across the region.”

The fund announcement comes at a time when domestic and global investors are bullish on Indian startups and have launched a number of India-focussed funds in recent times.

Earlier this month, US-based Bessemer Venture Partners closed its second India-focussed fund at $350 Mn (INR 3,052.3 Cr) to back early stage startups.

Last month, PE firm JV Ventures’ life sciences-focussed arm Innovation Acceleration Platform (IXP) launched its first fund with a target corpus of INR 200 Cr to invest in early-stage startups.

Overall, 81 new funds were launched for Indian startups, totalling more than $8.7 Bn, in 2024 as against 64 funds worth over $5.6 Bn launched in 2023.