IvyCap Ventures closes third fund at Rs 2,100 crore to back Series A startups; AUM jumps to Rs 5,000 crore

Recently, IvyCap Ventures unveiled the closure of its third fund, amassing a substantial Rs 2,100 crore — a move underscoring the flourishing venture capital landscape and IvyCap's growing influence therein. With contributions from leading Indian institutions, the IIT Alumni Trust, and select family offices, and with nearly60% of the fund raised from repeat investors, it's clear IvyCap retains strong backing and confidence from its investor base. This third installment elevates IvyCap Ventures' Assets Under Management to a remarkable Rs 5,000 crore.

IvyCap's strategy for Fund III leans heavily towards nurturing a batch of about 25 Series A startups, with investment sums ranging between Rs 30 to 50 crores, showcasing a commitment to growing India's innovative sectors. What stands out further is the fund's allocation of 20% to bolster its existing portfolio companies, a testament to its belief in sustained growth and support. Moreover, IvyCap earmarking Rs 100 crore for seed-stage startups via its IvyCamp platform signals a robust ecosystem play, fostering ventures from their nascent stages.

Amidst broader market trends of heightened scrutiny over business fundamentals versus valuations, IvyCap Ventures, under Vikram Gupta's stewardship, emphasizes backing high-potential, scalable ventures with distinct value propositions. A noteworthy 40% of the new fund is already funneled into promising startups across various sectors, showcasing IvyCap's agility and keen investment acumen.

To our esteemed entrepreneurs and investors, this development not only marks another milestone for IvyCap Ventures but also illuminates brighter prospects for innovation and entrepreneurship in India. I encourage you to delve into the narrative and inspirations behind IvyCap's Fund III, refining our perspectives on investment, growth, and the vibrant startup ecosystem.