Pavestone marks final close of tech fund at Rs 816 crore
Pavestone, a leading venture capital firm focused on technology investments in India, has announced the final close of its second fund at Rs 816 crore (around $100 million). The fund, which began fundraising in late 2021, exceeded its initial target of Rs 600 crore and received strong interest from both domestic and international investors, including family offices, endowments, and institutional investors.
This milestone underscores the firm’s consistent track record of backing promising startups and its strong position in the Indian technology landscape. The fund will primarily focus on investing in early-stage technology companies across sectors such as enterprise software, consumer internet, fintech, and deep tech.
“We are thrilled to have reached the final close of our second fund. The strong support from our investors is a testament to the incredible opportunities we are seeing in the Indian tech ecosystem. We are confident that our team’s deep experience and network will enable us to identify and back the next generation of successful companies,” said [Name of Pavestone Founder/CEO].
Pavestone’s investment strategy centers around providing founders with strategic guidance and operational support, along with capital. The firm takes a hands-on approach to portfolio company management, actively engaging with founders and supporting their growth. With this latest fund, Pavestone plans to further solidify its position as a leading player in the Indian venture capital space.
The firm has a proven track record of successfully backing innovative startups. Pavestone’s portfolio companies have witnessed impressive growth, attracting significant follow-on investments from renowned investors. Notably, the firm’s recent exits include [mention key exit/portfolio companies].
Pavestone’s success in attracting significant capital in a competitive market underscores the growing confidence of investors in the Indian tech landscape. The country’s robust digital infrastructure, thriving startup ecosystem, and increasing internet penetration are attracting global attention. With a growing focus on innovation and technology, India is poised to become a leading technology hub.
As Pavestone continues its investment journey with its second fund, the firm remains optimistic about the potential of Indian tech startups. The company is committed to playing a pivotal role in fostering the growth of these companies and contributing to the Indian economy.
