Fund close

The fundraise closely follows earlier reports that the International Finance Corporation (IFC), a member of the World Bank Group, was evaluating a USD 35 million commitment, along with a potential USD 30 million co-investment.

The fund will focus on 16-18 startups, with initial investments ranging between USD 2.5 million and USD 3 million, while also reserving capital for additional funding rounds in its high-growth portfolio companies.

The fund plans to invest in 25+ startups over three years, focusing on AI, IoT, FMCG, EVs, drones, and spacetech across tech and non-tech sectors.

The fund aims to target early- to growth-stage companies across pharmaceuticals, biotechnology, medical devices, digital health, and diagnostics.

The fund garnered support from 131 undisclosed investors, matching the amount raised for its seventh India fund in 2022.

The new fund will focus on seed and Series A investments, supporting 25–30 startups over the next three years. This addition raises Stellaris' total assets under management (AUM) to over USD 600 million.

Founded in 2022 by a team of IIT Kharagpur alumni—Raj Singh, Abhinav Shashank, Jyotika Gupta, and Sudarshan Ravi Jha—z21 Ventures is dedicated to investing in the pre-seed and seed stages, focusing on key segments such as artificial intelligence, enterprise software, and healthcare.

The funds have been raised through established global investors from Europe, the US, the Middle East, and India. With the green shoe option in play, Playbook Partners aims to increase the fund to USD 250 million.

The Mumbai-based firm aims to invest in 20-25 startups, with individual ticket sizes ranging from INR 25 crore to INR 30 crore, capped at INR 60 crore per company.

Through its sector-agnostic venture debt fund, Stride Ventures claims to meet the capital needs of the Indian startup ecosystem, with a portfolio of over 140 startups spanning consumer, fin-tech, agri-tech, B2B commerce, health-tech, B2B SaaS, mobility, and energy solutions (EV).

The Continuation Fund has acquired a stake in National Stock Exchange of India Ltd from ChrysCapital's Fund VI.