Expect to close Rs 100 crore second fund soon: Huddle Ventures
Huddle Ventures on Tuesday said its second fund of Rs 100 crore has been oversubscribed, with the final close expected in the next four to six weeks.
Modi 3.0 Live
Modi 3.0 is here! Familiar faces, fresh additions, and the big portfolio puzzle
Modi-fying growth: India plans policy twist for jobs & investment
No place for losers: Modi sends a clear message with Cabinet 3.0
Huddle has previously invested in companies like health and wellness firm Boldcare, coffee brand Blue Tokai, oral care firm Perfora and roll-up brands firm Goat Brand Labs. The firm is capping its second fund at Rs 150 crore, and will be investing in about 20 companies across sectors in the next 18 months, general partner Ishaan Khosla told ET. The first fund was worth Rs 50 crore.
Elevate Your Tech Prowess with High-Value Skill Courses
Offering CollegeCourseWebsiteMIT xPROMIT Technology Leadership and InnovationVisitIndian School of BusinessProfessional Certificate in Product ManagementVisitIIT DelhiCertificate Programme in Data Science & Machine LearningVisitHuddle will be investing in ticket sizes of between Rs 4-8 crore at the pre-seed, seed and pre-series A levels, and will aim to lead or co-lead all its investments for this fund, Khosla added. It has already made six investments from the second fund.
The company has raised funds from a variety of limited partners including family offices, founders and industry operators, Khosla said. It has mostly restricted itself to domestic LPs as it wanted to keep the fund size small, and as the corpus was
