VC Firm Pavestone Closes Rs 816 Crore Tech Fund From Sri Fund, Family Office of Mankind Pharma, Others
The fund, which focuses on early growth-stage B2B technology startups, surpassed its initial target of Rs 600 crore corpus. The corpus was increased twice through the greenshoe option to accommodate investor interest. Hyderabad-based venture capital firm Pavestone on Thursday announced the final close of its Pavestone Technology Fund with a total corpus of Rs 816 crore, surpassing […]
Pavestone Closes Pavestone Technology Fund, at INR 816 Cr
Hyderabad, an India-based venture capital firm, Pavestone has completed the final close of its Pavestone Technology Fund, which has raised a total of INR 816 crore. “The fundamental thesis of the fund is that we want to focus on enterprise technology, specifically companies that solve problems for large and public enterprises in the B2B space. […]
Pavestone VC Closes Maiden Fund At INR 816 Cr
SUMMARY The VC firm is looking to invest in about 8-10 early growth stage companies with an average ticket size of $5-10 Mn In June, the tech fund secured INR 15 Cr (around $1.8 Mn) from Colruyt Group India, the engineering arm of Belgian food and grocery retailer Colruyt Group Pavestone VC primarily makes its […]
Pavestone’s Technology Fund Closes at INR 816 Cr
The fund aims to invest in early growth-stage B2B tech companies addressing challenges from emerging technologies like AI, immersive reality, cloud computing, and advanced engineering, while also considering trends like digitalization and ESG. Hyderabad-based venture capital firm Pavestone has successfully announced the final close of its Pavestone Technology Fund, securing an impressive INR 816 crore—well […]
Pavestone VC Raises Nearly $100Mn In Maiden Outing
Hyderabad-based venture capital firm Pavestone VC, which invests in early- and growth-stage companies, has closed its maiden fund with a corpus of Rs 816 crore or about $97 million. The firm had launched Pavestone Technology Fund in July 2021, aiming to raise Rs 600 crore initially, but lifted the size of the fund twice through […]