Java Capital, a Bangalore, India-based seed stage focused SEBI registered Alternate Investment Fund (AIF), launched its first vehicle with a corpus of INR 75 crore including a greenshoe option of Rs 25 crore.
The vehicle has achieved its first close at INR 30 crore and expects to do a final close in the next 6 months. The newly launched fund has already started investing in pre-seed to pre-series A startups and plans to build a portfolio of 15 – 20 startups with an average first cheque size of INR 2 crore. It will reserve 50% to make follow-on investments into top performing portfolio companies.
Founded in 2020 by career venture capitalists and startup ecosystem enablers Bhargavi V, Vinod Shankar & Karteek Pulapaka, Java Capital will participate and lead investments in startups looking to raise pre-seed to pre-series A funding across deep-tech, SAAS, enterprise tech, fintech and climate & sustainability verticals out of which Java has already invested in 4 companies from this fund.
Previously, Java Capital has invested in 23 startups such as Agnikul, KukuFM, BharatX, Better Opinions, Yellow Metal, The Eplane Company, Kindlife, Legistify etc.
FinSMEs
12/12/2022
Bhargavi V, Co-founder & Partner, Java Capital says, “We are super excited to announce the launch of our fund and we are strong believers in long term growth story for India, we work with our ecosystem and partners in the true spirit of long term games with long term people leads to significant outcomes for the society at large. We are in the venture space for the next couple of decades and would like to grow Java Capital as the first port of call for founders looking to start companies.”
Karteek Pulapaka, Co-founder & Partner, Java Capital says, “India is in the midst of a once in a century transformation and this will be underscored by cutting-edge startups. At Java, we have a strong record of backing and nurturing visionary founders developing disruptive business models and technology. We are guided by our values of being transparent with all stakeholders, building long-term and lasting relationships, giving founder friendly terms and promoting win-win outcomes. Our vision is to meaningfully contribute to the Indian startup ecosystem and be a part of this historic transformation.”