Final Fund I closure made by Filter Capital at Rs 800 Cr
The first fund of technology-focused investment firm Filter Capital has reached its final close at Rs 800 crore, or roughly $96 million.
Approximately 60% of the capital commitments made to the Mumbai-based fund came from domestic limited partners (LPs), with the remaining 40% coming from foreign investors.
In the round, institutional investors and family offices like the HDFC Fund of Funds, the Small Industries Development Bank of India, the DSP family office, Akash Prakash, the founder of Amansa Capital, and Harsh Jain, the cofounder of Dream Sports, were among the LPs, according to an ET report.
Filter Capital, which was founded in 2018 by Nithin Nayar and Sumit Sinha, will invest $15–20 million in Series B and C rounds.
Capital India Fund filter I has so far made four investments totalling roughly Rs 225 crore from its corpus– enterprise loyalty software provider Capillary Technologies, bus mobility platform Chalo Mobility, e-commerce logistics services firm LoadShare Networks and healthcare enterprise software company THB.
Its portfolio company Capillary Technologies recently raised $95 million in secondary transactions to extend its Series D round to $140 million, allowing current investors and staff to leave.