Pine Labs’ Amrish Rau, wife (and angel investor) Sweta Rau and Jupiter founder Jitendra Gupta, have pumped in $15 Mn of their own capital into the firm
LPs include Sequoia Capital India, Japan’s Credit Saison, TVF Capital, Hummingbird Ventures, CRED’s Kunal Shah, among others
India’s funding success story was well supported by commensurate growth in venture capital funding in 2021. In fact, Indian corporations, and their leaders in 2021 were much quicker on investing in venture capital (VC) or launching founders’ funds into emerging startups.
The newest in the line is White Venture Capital, launched by IPO-bound Pine Lab’s founder Amrish Rau, fintech Jupiter’s Jitendra Gupta and managed by angel investor Sweta Rau.
The fund, with a corpus of $40 Mn, will back fintech startups across India and Southeast Asia. It will write cheques of $250K – $1 Mn in seed to Series A rounds, with follow-up investments worth $2 Mn- $3 Mn.
Jitendra Gupta and Amrish Rau will be the…