Micro VC company Gemba Capital hits the final close of the inaugural fund at Rs 75 crore

New Delhi: Gemba Capital a micro venture capital firm said it closed with Rs 75 crore for its first fund. Gemba announced an inaugural corpus of $ 10 million (Rs 77.48 crore) in September last year.

Up to 50% of the capital will be invested in fintech and SaaS startups, while the remainder will be distributed across a variety of industries, including Web 3.0, gaming, deep tech, healthcare, and B2B commerce.

“We are overwhelmed by the confidence shown in our abilities by our LPs (limited liability partners who sponsor the funds). We have reached the goal of Rs 75 crore and will announce the final closure soon…. We want to close all ongoing discussions and should get too many signups and hit Rs 100 crore “, Adith Podharthe found partner said.

Gemba Capital, founded in 2018, invests in seed and pre-seed rounds in India.

Gemba Capital’s first check will be between $ 100,000 and 250,000. He set aside 35% of the fund’s capital as a reserve allocation for participation in subsequent rounds in the portfolio winners.

“Our deal pipeline is solid and we intend to make our first investment from May of this year onwards. Our goal remains to conclude eight agreements by the end of December, “Podhar added.

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Plum and Verak (Insurtech); Wint, Strata and Grip (alternative investment); Inai, ClickPost, Zuper, Tranzact, Threado (SaaS); Smartstaff, Unnati, Krishikan (Marketplace / Aggregators) are among the pre-fund portfolio companies of Gemba Capital.

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