Sixth Sense Ventures Closes Second Fund at US$68 Million (Asia)
Posted On: 01 Nov 2018 | Source(s): The Economic Times | Author(s): Supraja Srinivasan
India-focused venture capital firm Sixth Sense Ventures has closed its second early-stage consumer-focused fund at INR5 billion (approximately US$68 million), reportedly surpassing its INR2.5 billion (approximately US$34 million) target. Investors in the fund include India’s Ministry of Commerce and Industry, which committed INR500 million (approximately US$6.8 million), consumer companies, India-based pharmaceutical companies, family offices and high-net worth individuals. The fund plans to invest between INR150 million (approximately US$2 million) and INR200 million (approximately US$2.7 million) in each of 15 to 20 companies at the pre-Series A and Series A stages.