- Groww’s cofounders are planning to launch a new startup investment fund of ₹400–500 crore under Stargazer Alternative Investment Fund (AIF) to support India’s growing startup ecosystem, with a strong focus on seed and early-stage ventures.
- The proposed fund will be backed entirely by the personal capital of Lalit Keshre, Ishan Bansal, Harsh Jain, and Neeraj Singh, without raising money from external limited partners.
- The fund will primarily invest in consumer internet and deeptech startups, while placing increasing emphasis on artificial intelligence (AI) and other frontier technologies.
- By focusing on early-stage companies, the Groww founders seek to support entrepreneurs during the critical phases of product development and business scaling, providing both capital and strategic guidance.
- The planned fund marks the cofounders’ second investment vehicle under the Stargazer AIF platform and underscores their long-term commitment to fostering innovation and entrepreneurship in India.
Groww's cofounders are set to launch a new startup investment fund of ₹400-500 crore under the Stargazer Alternative Investment Fund (AIF), aimed at bolstering India's startup ecosystem with a focus on artificial intelligence (AI) and deeptech ventures.13
The fund will be entirely financed by the personal capital of Lalit Keshre, Ishan Bansal, Harsh Jain, and Neeraj Singh, allowing them to maintain full investment flexibility while supporting promising startups in emerging technology sectors.2
The founders aim to leverage their entrepreneurial experience to back the next generation of innovative startups, particularly during critical phases of product development and business scaling.
In parallel, Robinhood is preparing to take its second venture fund, Robinhood Ventures Fund II (RVII), public on the New York Stock Exchange on August 13, with an expected share price of $25.
RVII, structured as a business development company (BDC), focuses on early-stage startups, especially those associated with the Y Combinator accelerator program. The fund currently holds positions in 80 private companies and plans to add more portfolio companies over time.
Robinhood customers can request IPO shares through its platform, with no accreditation requirements or investment minimums, offering daily liquidity as a publicly traded fund.
However, the investment in RVII is speculative and carries a high degree of risk, including substantial risk of loss.
“The proposed fund will be backed entirely by the personal capital of Groww cofounders Lalit Keshre, Ishan Bansal, Harsh Jain, and Neeraj Singh, targeting consumer internet and deeptech startups. Robinhood's RVII, a business development company holding positions in 80 private companies, is expected to list on August 13 at $25 per share.”
Elets BFSI
