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- Cactus Partners is targeting a corpus of ₹1,600 crore for its second fund, with plans to invest in 13 to 15 startups over the coming years.
- The firm's first fund, with a corpus of ₹630 crore, has been fully deployed across 13 companies, including Lohum, Bellatrix Aerospace, Kapture CX, Indigrid Technologies, and Brandworks.
- For Fund II, Cactus Partners plans to write initial cheques of ₹60–100 crore and primarily back companies raising $10–20 million.
- The firm intends to lead funding rounds with investments of $6–10 million while syndicating the remaining capital with other investors.
- Cactus Partners is focusing on sectors such as advanced manufacturing, enterprise technology, and consumer technology.
- The proposed fund would be considerably larger than the firm’s first fund, which had a corpus of ₹630 crore.
- Cactus Partners is also exploring investment opportunities in emerging areas such as cybersecurity and quantum technologies.
Cactus Partners is gearing up to launch its second investment fund with a target corpus of ₹1,600 crore, reflecting confidence in India's technology startup ecosystem. The firm plans to invest in 13 to 15 startups over the next few years, focusing on businesses with strong product-market fit.1
General Partner Amit Sharma stated that the firm will write initial cheques of ₹60 crore to ₹100 crore for each selected company, primarily targeting startups raising $10 million to $20 million. Cactus Partners intends to lead funding rounds with investments of $6 million to $10 million, while syndicating the remaining capital with other investors.
The firm’s first fund, with a corpus of ₹630 crore, has been fully deployed across 13 companies, including notable names like Lohum and Bellatrix Aerospace. The new fund will focus on sectors shaping the future, including advanced manufacturing, enterprise technology, and consumer technology, while also exploring emerging areas like cybersecurity and quantum technologies.2567
Cactus Partners emphasizes investing in startups with strong execution and healthy unit economics, avoiding sectors driven by inflated valuations. The firm has recently strengthened its portfolio with investments in Bellatrix Aerospace and Brandworks Technologies, and is committed to supporting companies with long-term growth potential.
“Cactus Partners aims to invest ₹60 crore to ₹100 crore in each selected startup, focusing on those raising between $10 million and $20 million. The firm is also exploring opportunities in emerging sectors like cybersecurity and quantum technologies, indicating a strategic shift towards high-growth areas.”
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