BlueGreen Ventures, a new investment company, has launched its maiden fund with a target raise of $75 million, along with a $25-30 million greenshoe option.
The fund plans to invest in pre-IPO businesses through secondary deals and support entrepreneurs in their early stages, focusing on consumer companies, finance, climate, and sustainability.
BlueGreen Ventures aims to lead early-stage investments with an average check size of Rs 7-12 crore, while late-stage enterprises will receive Rs 20-30 crore.
The company has received pledges from CEOs of multinational corporations and plans to prioritize Indian entrepreneurs solving local issues with Indian solutions.