New fund · Professional & Local Services
Growth Sense gets SEBI nod for Rs 1,000 crore fund
By Startup Enthusiast ·
- Date
- Company
- Growth Sense
- What it does
- Investment firm for startups
- Kind
- New fund
- Amount
- Rs 1,000 crore
What they do
SEBI approved its Category II AIF Growth Sense Apex Fund with a Rs 1,000 crore target
What happened
The fund marks a shift from early-stage investing to institutional growth capital
Why it matters
Growth Sense also launched a foundation for entrepreneurship education and mentoring
The details
- SEBI approved Growth Sense Apex Fund as a Category II AIF (alternative investment fund).
- The fund has a target corpus of Rs 1,000 crore, including a green shoe option (extra shares if demand is high).
- Growth Sense Private Limited is the investment manager of the fund.
- The fund will invest in growth-stage private companies that have product-market fit and revenue traction.
- It may also invest in pre-IPO opportunities and select public-market opportunities.
- Growth Sense launched the Growth Sense India Foundation alongside the fund.
- The foundation focuses on entrepreneurship education, mentoring, incubation, and ecosystem development.
- It aims to bring together founders, students, investors, and educational institutions.
The bigger picture
- Growth Sense previously managed a Category I Angel Fund with a Rs 100 crore corpus.
- The new fund marks a transition from early-stage investing to institutional growth capital.
- The foundation extends Growth Sense's role beyond capital deployment into ecosystem building.
About the business
- Growth Sense is an investment firm that evaluates startups and growth companies.
- It has evaluated over 2,000 startups and made 94+ investments.
- It has built a network of 3,000+ investors.
- The firm is sector-agnostic, focusing on companies with scalable models and revenue traction.
- It also invests in pre-IPO and select public-market opportunities.
The deal
- Type
- fund launch
Founders
- Sanjay Sarda, Co-Founder and Director
- Jimish Kapadia, Co-Founder and Director
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