Groww founders plan Rs 400-500 crore fund for consumer, deeptech startups

Synopsis

Chief executive Lalit Keshre, chief financial officer Ishan Bansal, chief operating officer Harsh Jain, and chief technology officer Neeraj Singh will be the general partners of the fund and deploy their personal capital, with no plans to raise money from external limited partners. A small, dedicated investment team will handle sourcing, due diligence, and portfolio management under the founders’ supervision, the people said.

Groww’s four cofounders are setting up a second Rs 400-500 crore seed and early-stage fund to back consumer internet and deeptech startups, expanding an investment programme they have run together for the past few years, people aware of the matter said.Chief executive Lalit Keshre, chief financial officer Ishan Bansal, chief operating officer Harsh Jain, and chief technology officer Neeraj Singh will be the general partners of the fund and

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