Home / Business and Economy / Dharana Capital Bags $250M for India Tech Growth
Dharana Capital Bags $250M for India Tech Growth
12 Jan
Summary
- Dharana Capital launched its second growth fund, securing $250 million.
- The new fund increases total assets under management to $450 million.
- Investments will target tech and consumer businesses in India.
Dharana Capital has announced the successful closure of its second growth fund, amassing $250 million. This significant capital infusion brings the firm's total assets under management to $450 million. The fund is earmarked for investments in technology and consumer-focused companies based in India, a market Vamsi Duvvuri, Founder and Managing Partner, believes will see substantial growth.
Duvvuri expressed optimism about India's listed tech market cap, anticipating a multi-fold increase over the next decade as more new-age enterprises pursue public offerings. Dharana aims to partner with select visionary founders, contributing meaningfully to the value creation process in these burgeoning businesses.
The firm's existing portfolio includes notable investments such as Urban Company, LAT Aerospace, and Petpooja. Dharana's investors are primarily major US university endowments, health systems, and other non-profit organizations, highlighting a strong backing for its mission to support durable, listed businesses.
