Unleash Capital Partners Closes Maiden Fund at Rs 330 Crore for Indian Fintech
Unleash Capital Partners, a Japan-based venture capital firm, has successfully closed its first fund at Rs 330 crore ($42.5 million), exceeding its initial target of Rs 300 crore ($37.5 million). The fund will focus on early-stage Indian fintech and financial services startups that cater to underserved users and build enabling infrastructure.
The fund, which was oversubscribed by around 10%, has already invested in several promising startups such as Pelocal, Zype, and Neurofin AI. It aims to build a portfolio of 12-15 startups over the next 12-18 months, with an initial target of 7 investments already made.
Unleash Capital Partners positions itself as a specialist investor, offering deep domain expertise and equal emphasis on social impact and financial returns. It plans to write cheques ranging from Rs 5 crore to Rs 18 crore. The firm's strategy is shaped by India's local presence, attractive entry points after market correction, and the scale of financial inclusion needs in the country. It expects realistic returns of five to six times distributed-to-paid-in capital.
The fund was backed by about 35 Japan-based limited partners (LPs), with around 90% of the capital coming from institutional investors. The firm is also considering investing in nine additional companies in the next 12-18 months, although specific details about these companies are not yet available.
Unleash Capital Partners' maiden fund, with its focus on early-stage Indian fintech and financial services startups, is well-positioned to capitalize on the growing need for financial inclusion in the country. With a strong portfolio and a strategic approach, the firm aims to generate significant returns while also making a social impact.
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