Filter Capital founders, Nitin Nayar and Sumit Sinha, started raising funds for the first fund in 2021 and marked its first close in mid-2022 at $14 million. The fund has received capital commitments from a diverse investor base: 60% domestic investors and 40% international investors.
The top AI-powered omnichannel platform for customer interaction and loyalty management worldwide is Capillary Technologies. With a customer base of over one billion, Capillary oversees more than 500 loyalty programs for more than 400 businesses, including Tata, PUMA, Shell, Al-Futtaim, Domino’s, and Marks & Spencer, in more than 30 countries in Asia, the Middle East, and North America.
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Businesses can provide a personalized and consistent customer experience with Capillary’s all-encompassing picture of their customers, which leads to increased customer engagement and retention. The inaugural CAT II AIF growth-stage fund, Filter Capital India Fund I, has reached its final closure at INR 800 crore (almost $100 million), according to the Mumbai-based investment firm Filter Capital.
The first fund was launched in 2021 by the company’s founders, Nitin Nayar and Sumit Sinha, and it closed for $14 million in the middle of 2022. Growth-stage investment firm Filter Capital specializes in technology and leads or co-leads Series B and C rounds. From the initial fund, it intends to invest in eight to ten businesses.
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The company makes investments in technology-driven companies in the consumer, financial, and business services sectors, as well as in SaaS and IT services. Tickets often cost between INR 60 and 100 crores ($7.2 and $12 million).
About Filter Capital
Filter Capital evaluates growth investment opportunities in technology and tech-enabled businesses in India. The firm will target opportunities in emerging sectors such as the Internet, software, and electronic payments, where companies are harnessing the special demographics spanning Indian consumers and businesses while expanding beyond India’s borders into regional and global markets.
