At $150 million, Venturi Partners announces the first close of its second fund.

Venturi Partners, a consumer-focused venture capital firm, closed its second fund at $150 million, or roughly INR 1,300 crore. The fund aims to raise $225 million, or roughly INR 2,000 crore. In March of this year, the venture capital firm opened its second fund to support entrepreneurs in India and Southeast Asia that are involved in the retail, education, healthcare, and fast-moving consumer goods sectors. With an average ticket size of $15 million to $40 million, it intends to invest in 10 businesses in these industries.Venturi Partners is a platform for family offices seeking to engage in consumer-led businesses in Asia. It was founded in 2020. The company participates in the Series B to Series D rounds of consumer-focused growth stage companies. With a corpus of $175 million, it established its first fund in 2022 and made investments in seven businesses in industries like retail, education, cosmetics, and home furnishings. Three pillar limited partners (LPs) supported the fund: Frederic De Mevius, Ackermans & Van Haaren, and Peugeot Invest.

The fund also included family offices from Asia and Europe.Among the startups in its portfolio are Cult.fit, Livspace, Country Delight, and K-12 Techno Services. At a time when the ecosystem has expanded significantly over the last ten years, the venture capital company is stepping up its efforts to support India's consumer-focused startup story. The consumer-focused startup ecosystem is home to several unicorns, such as Zepto, Meesho, Mamaearth, Blinkit, Lenskart, and Swiggy, due to the growth of direct-to-consumer (D2C) businesses, the rapid adoption of digital technology, and steady inflows of both domestic and foreign investment.Due to advancements in the nation's digital infrastructure, rising smartphone usage, and a new generation of digital-first consumers looking for convenience and specialty goods, the D2C industry alone is expected to grow into a $300 billion opportunity by 2030. Additionally, the fund's initial close coincides with the rapid expansion of the Indian startup ecosystem as a whole. As a result, several new funds have been established by businesses to support startups. A99 announced its third fund this week with a $100 million corpus to support 12–15 entrepreneurs in the infrastructure and manufacturing industries. Elevation Capital also announced the opening of its $400 million fund to support companies aiming to go public that same week.