Cactus Venture Partners Concludes INR 630 Cr Maiden Fund

Mumbai-based Cactus Venture Partners Closes Maiden Early-Stage Fund at $75.8 Mn

Mumbai-based venture capital firm Cactus Venture Partners has announced the final close of its maiden early-stage fund, raising INR 630 Cr ($75.8 Mn). The fund, which had its first close in August 2022, has around 70 limited partners, with 60% of them hailing from India and the remaining 40% made up of overseas partners. Notably, development financial institutions such as SIDBI, Self-Reliant India Fund, and the UP Startup Fund are among the backers of Cactus Venture Partners’ first fund.