April 9, 2024: Filter Capital, which partners with India’s Tech Entrepreneurs from Inflection Point to Industry Leadership has announced the final closure of its debut fund with a corpus of Rs 800 crore with investments from both domestic and global investors.
The maiden fund aims to lead or co-leading investment in Series B and C rounds focussing on SaaS and tech services where entreprenuers are expanding from India into regional and global markets. Furthermore, it will tap into consumer, financial, and business services companies which are India market centric.
“Over the coming decade, technology’s impact on the consumer and business activity in India will be tremendous. Our country has a vibrant startup ecosystem and an active 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, Filter Capital.
Filter Capital has deployed over 30% of its corpus across four investments in SaaS, consumer technology, and B2B services. The investments include SaaS firm Capillary Technologies, mobility platform Chalo Mobility, logistics firm LoadShare Networks and healthcare SaaS firm THB.
Filter Capital Fund to invest in business poised for rapid growth
“We seek to partner with capable entrepreneurs whose businesses have reached an inflection point and are poised for rapid growth. We are attracted to business models with clear product-market fit, competitive differentiation, and robust unit economics,” said Sumit Sinha, Co-founder and Managing Partner, Filter Capital.
The Mumbai-based technology investment firm was established in 2018 by Nitin Nayar, who was later joined by Sumit Sinha. Both of them bring two decades of experience in private equity investing and had worked together at Warburg Pincus.
The Filter Capital India Fund I saw participation from institutional investors such as HDFC Fund of Funds, SIDBI, SRI Fund, Oister Global, DSP family office, Amansa Capital founder Akash Prakash, and Dream11 CEO Harsh Jain.
