Anup Jain and Rajeev Suri have launched BlueGreen Ventures, a $75 Mn fund dedicated to early-stage startups in India and IPO-bound companies.
The fund aims for its first close by the end of February next year and has a two-pronged investment strategy.
The first part focuses on early-stage investments in sectors like climate and sustainability, fintech, and B2C, with investments ranging from INR 7 Cr to INR 12 Cr.
The second part targets more mature companies with investments ranging from INR 20 Cr to INR 30 Cr, expected to go public within four to five years.