Former Orios partners launch BlueGreen Ventures with $75 million fund to invest in early, late-stage startups

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Subscribe to enjoy similar stories. Bengaluru: Anup Jain and Rajeev Suri, former managing partners of Orios Venture Partners, have launched a $75 million fund to back a mix of early and late-stage startups in fintech, climate & sustainability and consumer-driven B2C startups under their new investment vehicle – BlueGreen Ventures. “The fund size can increase up to $100 million including the green shoe option," Jain said in an interview with Mint.

The new fund is backed by global CEOs and CXOs from Fortune 500 companies alongside Indian startup entrepreneurs, he added without disclosing names. The fund has received nearly 4/5th of its commitments from domestic investors. BlueGreen Ventures will focus on early-stage companies ranging from seed to Series A funding rounds with an average cheque size of ₹7 crore-12 crore and aiming to lead every round.

Within the consumer-driven B2C business, it will focus on startups that cater to solving post-covid consumption shifts including niche sectors such as pet care and edtech companies that work on upskilling and reskilling. While about 60% of the fund will be dedicated to early-stage startups, the remaining will go towards supporting mature companies that will list in the public within four to five years through secondary transactions. The average cheque size may range from ₹20 crore-30 crore.