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Stride Ventures closed a $165 million third fund, supported by various entities. The fund focuses on consumer and financial services sectors, with Apoorva Sharma explaining the adjustment from the initial $200 million target.
Bringing you the latest updates on funding deals and activities in the Asia Pacific.
Capital pools have diversified amid the broader tech slowdown with large global, crossover and hedge funds mostly staying away from cutting new cheques. Domestic firms and family offices such as those run by Zerodha cofounder Nikhil Kamath, Manipal Group chairman Ranjan Pai, and Premji Invest have backed startups including Subko, Quorum Club, Kites Seniorcare and The Sleep Company.
Get latest articles and stories on Latest News at LatestLY. Technology-focused venture capital firm Filter Capital on Monday said its has secured Rs 800 crore funding for its maiden fund -- Filter Capital India Fund I. Latest News | Filter Capital Secures Rs 800 Cr for Its Maiden Fund.
Indian institutional investors and family offices such as HDFC Fund of Funds, SIDBI, SRI Fund, Oister Global, DSP family office, Akash Prakash, the founder of Amansa Capital, and Harsh Jain, the CEO of Dream11 have committed to the fund, the VC firm said in a statement.