FVI announces final close of fund II at Rs 100 crore

Early growth investor Fulcrum Venture India (FVI) has announced the final close of its second fund, Fulcrum Venture India Fund II, at Rs 100 crore.


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The fund which was originally targeted at Rs 85 crore focuses on early growth opportunities, predominantly in the healthcare and pharmaceutical sectors.

Announcing the final close of Fund II, Mr Krishna Ramanathan, founder partner, Fulcrum Venture India, said, "We view this space as a sunrise area for PE investments and with our operational expertise, can bring in a lot of value to the companies we work with."

Fulcrum Venture India Fund II, which had achieved its first close at Rs 60 crore in 2013, has already invested in Richfeel; a pioneering retail trichology company in India and Shield Healthcare, a pharmaceutical company focused on gynecology.

Unlike its first fund, where the focus was seed stage investments of up to Rs 5 crores, Fulcrum Venture India Fund II typically seeks to make investments between Rs 5 to 15 crore in early growth stage companies.

Commenting on the current investments, Mr Krishna also said, "The investments thus far have been growing very well and we're happy to see approaches from other PE firms, where up rounds are coming in at attractive valuations. This is a good sign that our strategy is well placed."


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