Indian growth-stage venture capital firm Physis Capital has successfully raised $23.2 million (over INR 200 crore) as part of its maiden fund, marking a significant milestone in its mission to empower high-potential startups. The fund, launched by the founders of Inflection Point Ventures, aims to close the remaining capital of its targeted INR 400 crore within the next 6 to 9 months.
Backed by prominent investors such as SUD Life and Haldiram's, Physis Capital is set to support 15-20 tech-driven startups with initial investments ranging from $1 million to $1.5 million, and potential top-ups of up to $4 million. This strategy is designed to provide substantial growth capital to startups ready to scale.
The firm, established by Vinay Bansal, Ankur Mittal, and Mitesh Shah, focuses on identifying and nurturing companies with strong growth trajectories. Physis Capital aims to bridge the funding gap for startups transitioning from early to growth stages, a critical phase for many Indian businesses.
With a clear vision to drive innovation, the fund is targeting sectors that leverage technology to solve pressing challenges in India. This includes areas such as consumer tech, fintech, and sustainability-driven solutions, aligning with the evolving needs of the Indian market.
Physis Capital’s efforts come at a time when Indian startups are navigating a challenging funding environment, with venture capital inflows dipping in recent weeks. Despite these headwinds, the firm’s commitment to deploying significant capital signals confidence in the resilience and potential of the Indian startup ecosystem.
As Physis Capital moves toward its final close, the industry watches closely to see how its investments will shape the future of growth-stage funding in India. This infusion of capital is expected to catalyze innovation and create a ripple effect across the startup landscape.
Alfred Lee
