Cactus Venture Partners secures finance worth Rs350 crore

As the fund is actively in conversations with domestic and international institutional investors for the ultimate close of its fund target of Rs750 crore by December 2022, venture capital firm Cactus Venture Partners (CVP) said on Wednesday that it has raised Rs350 crore in fundraising.

The fund will concentrate on making investments in B2B SaaS, clean tech, and health tech businesses in India.

Since its founding in 2021 by Anurag Goel, Amit Sharma, and Rajeev Kalambi, CVP has made investments in early-stage technology and direct-to-consumer (D2C) firms.

The fund intends to use the new cash during the following three to four years, with a 15% commitment from the General Partners.

CVP wants to use its complementary skills and resources to help modern purpose-driven businesses realize their full potential. In the past, it has made investments in Vitraya Technologies, Rubix Data Sciences, Auric, and AMPM.