Inventus rides on domestic investors for $50 million India-dedicated fund

Inventus Capital, the early-stage technology-focused venture capital firm, has overshot the target for the first close of its $50-million India-dedicated fund. The fund is set to make a first close at Rs 1.75 billion against a target of Rs 1 billion, said a top executive at the firm. 

The fund plans to raise Rs 3.25 billion, with a greenshoe option of Rs 1.25 billion

This is Inventus’ third fund and the first since its restructuring, where it decided to raise separate, dedicated funds for India and the US. This is also the first time it is raising money from domestic investors. Its