The second fund of Gemba Capital, a micro venture capital firm registered with Sebi, has a corpus of Rs 250 crore (roughly $30 million), with a green shoe option of Rs 50 crore ($6 million).
According to Gemba, Fund-II will use a first cheque of Rs. 5 crores and a 30% reserve ratio to make follow-on investments in about 30 early-stage “Platform-first” companies in the fintech, consumer tech, and B2B platforms sectors.
Gemba Capital was established in 2018 and makes seed and pre-seed investments in scalable technology companies. Since its founding, it has provided funding to more than 120 founders of 50 startups in the consumer tech, B2B, and fintech industries.
Plum (Insurtech), Grip Invest, Wint Wealth, Strata, Navadhan, Zuper, Showroom, Smartstaff, ClickPost, and LightFury are a few of the noteworthy portfolio companies.
