An Indian growth investment firm with an emphasis on technology, Filter Capital India Fund, has successfully closed its first fund with a total capital of 800 crores ($97 million).
A statement released by Filter Capital stated that the company has received capital commitments from a wide range of investors, of which 60% are domestic and the remaining 40% are foreign.
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Taking the lead The fund has received commitments from Indian institutional investors and family offices, including HDFC Fund of Funds, HDFC AMC, SIDBI, SRI Fund, Oister Global, DSP family office, Akash Prakash, the founder of Amansa Capital, and Harsh Jain, CEO of Dream11.A growth investment company called Filter Capital collaborates with tech entrepreneurs in India.
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Technology’s impact on consumer and business activity in India will be tremendous. “Our country has a vibrant start-up ecosystem and an active venture capital (VC) community to support early-stage businesses, as well as deep public markets and private equity to support more mature companies,” said Nitin Nayar, co-founder and managing partner of Filter Capital.
“This is the opportunity for Filter Capital. We are privileged to partner with a sophisticated and experienced group of investors who are aligned with our vision to build a leading technology-centric growth investment platform in India,” he added.
Co-founder and managing partner of Filter Capital, Sumit Sinha, stated that the company looks to collaborate with competent business owners whose companies have reached a turning point and are ready for explosive expansion.
The firms in the firm’s current portfolio include the enterprise loyalty SaaS provider Capillary Technologies, the bus mobility platform Chalo Mobility, the e-commerce logistics services provider LoadShare Networks, and the healthcare enterprise SaaS company THB, which focuses on Asia.
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.
