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Bahl joins a series of former executives of BharatPe who have moved to launch their own startups and venture capital funds like OTP Ventures, OTPLess and GrowthCap Ventures
Looking to make the first close by June, Sameer, along with co-founders Kunal Suri and Saurabh Vashishtha, will remain the largest investors in OTP Venture, while the rest will come from a mix of founders, institutions and CXOs
The firm is now poised to make investments in early-stage startups specializing in Fintech, SaaS and Deeptech, offering funding in the range of Rs 2 crore Rs 6 crore.
GrowthCap Ventures, an early-stage venture capital firm floated by former BharatPe chief business officer Pratekk Agarwaal, has marked the first close of its maiden fund, ......
This comes at a time when fintechs have adopted a wait-and-watch approach towards new entrants, as they believe that JFS opens new doors for them, even as competition is likely to intensify.