Java Capital opens Rs 75 crore seed stage fund in India

13 Dec 2022 , 11:01 AM

AIF Java Capital, which specializes in seed-stage investments, announced the opening of its first fund, which has a capital of Rs 75 crore.

The firm will invest in at least 15 technology and fintech start-ups in the next 18—24 months.

The fund, which includes a greenshoe option of Rs 25 crore, posted its maiden close at Rs30 crore. It anticipates a successful close in six months. With an average initial check size of Rs2 crore, the fund has invested in pre-seed to pre-Series A firms. It wants to reserve 50% for follow-on investments.

“We are extremely pleased to announce the opening of our fund, and we firmly believe that India will experience long-term growth. We collaborate with our partners and ecosystem in the true spirit of long-term games with long-term players in order to produce significant results for society as a whole. “Since we plan to remain active in the venture capital market for the foreseeable future, we want to establish Java Capital as the go-to resource for entrepreneurs starting businesses,” according to Bhargavi V, co-founder and partner of Java Capital.