PointOne Capital announces final close of its maiden Rs 50 crore fund

The fund has onboarded Silicon Valley and India-based entrepreneurs, CXOs and seasoned corporate, startup leaders and mid-sized family offices as its LPs

Pre-seed focused VC fund PointOne Capital announced the final close of its maiden Rs 50 crore fund. The final close comes within a year of its first close in December 2020.

The fund, which primarily targets startups in the beta or pre-launch stage, has onboarded Silicon Valley and India-based entrepreneurs, CXOs and seasoned corporate, startup leaders and mid-sized family offices as its LPs.

Mihir Jha, founding partner, PointOne Capital said, “Macro sentiment in India has seen a clear shift towards tech and it was very apparent from the huge participation interest we received from investors across profiles, globally. Combining the fact that