PeerCapital closes first fund at Rs 300 crore.

According to managing partner Ankur Pahwa, venture capital firm PeerCapital has achieved the first closing of its first fund at a cost of roughly Rs 300 crore ($37.5 million).

Pahwa stated that the aim of Rs 600 crore ($75 million) will be reached by September 2023.

The fund intends to provide up to $2 million in early checks for deals in the seed to series A stage.