India’s venture capital firms are finding that leaner might be better
Live MintOn Thursday, early-stage venture capital firm Stellaris Venture Partners launched its largest-ever investment vehicle—a $300 million fund. Similarly, Blume Ventures, which has invested in prominent Indian startups including Battery Smart, Purplle and Unacademy, doesn’t plan to increase the corpus for its next two funds, maintaining them at about $290 million, the venture capital firm told Mint in October. “Several venture capital funds are considering rightsizing their corpus as investors are asking tougher questions like how much capital general partners have returned from their previous funds and the translation of paper gains to hard cash," Pai said. “Over the past 4-5 years, the capacity for early-stage funds to deploy capital has increased—from around $40-45 million back then to $75-100 million today," BlueGreen's Suri said.