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New fund · Professional & Local Services

Growth Sense gets SEBI nod for Rs 1,000 crore fund

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Date
Company
Growth Sense
What it does
Investment firm for startups
Kind
New fund
Amount
Rs 1,000 crore
Sector
Professional & Local Services

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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