Founded in 2022 by venture capitalists Pallav Kumar Singh and Mayank Mehra, SphitiCap is India-centered and will invest in firms from the seed stage to Series A with an average ticket size of $10 million.
Early-stage focused venture capital (VC) firm SphitiCap on October 4 launched its maiden venture fund with a total corpus of $500 million saying it is about to close the fund soon and will invest in companies focusing on sustainability, growth, and impact.
In a statement, the VC firm said its maiden fund will invest in cleantech, fintech, deep tech, agritech, proptech, SaaS, digital media, direct-to-consumer, space tech, defense, and logistics and supply chain.
Founded in 2022 by venture capitalists Pallav Kumar Singh and Mayank Mehra, SphitiCap is India-centered and will invest in firms from the seed stage to Series A with an average ticket size of $10 million.
“As a sector-agnostic India-centred firm, we focus on value rather than valuation,” said Singh, who is the managing partner of the VC firm.
Mehra, also a managing partner at Sphiticap, said, “Currently, our portfolio pipeline has planned to fund up to $15 million with no upper limit. There are a lot of promising startups that we are vetting and excited about working with.”
