New fund · Professional & Local Services

OTP Ventures closes first fund at ₹500 crore

By Startup Enthusiast · 16 February 2026

What they do

OTP Ventures is an early-stage fund investing in consumer, consumer tech and fintech startups

It closed its first fund at ₹500 crore, exceeding the initial ₹400 crore target after 17 months of fundraising

The fund capped its size despite receiving over ₹750 crore in commitments, prioritising return discipline

OTP Ventures has closed its first fund at ₹500 crore, exceeding the initial target of ₹400 crore.
The fundraising took 17 months, starting in August 2024.
By January 2026, the fund had received total commitments of over ₹750 crore.
The fund was capped at ₹500 crore due to fund size discipline and return considerations.
The first ₹180-200 crore came quickly from founders, former colleagues, friends and other VCs.
The next few quarters were difficult, with rejections from institutional investors and family offices.
Some investors backed out after initial interest or signed non-binding commitments.
Momentum picked up around August-September 2025, when the fund reached about ₹250 crore.
It crossed the original ₹400 crore target by November 2025.
Fresh commitments continued through the end of 2025, totalling over ₹750 crore before closing at ₹500 crore.

The fund's oversubscription shows strong LP confidence in the team despite a tough fundraising environment.
The decision to cap the fund at ₹500 crore reflects discipline in managing investor returns.
The LP base includes about 55 investors, with founders, operators, family offices and institutional investors.

OTP Ventures is an early-stage fund that provides first institutional capital at Seed or Pre-Series A stage.
It focuses on consumer, consumer tech and fintech sectors.
The fund was founded in 2023.
Its portfolio includes Rupeek, Traya, Fable Street, abcoffee and NatHabit.
Its latest disclosed investment was leading a $2 million pre-Series A round in D2C home appliance brand Nester.

Founders (approx 20 startup founders) (participated) — Account for about 10% of the fund corpus.
Operators and CXOs (approx 20 professionals) (participated) — Contribute a slightly larger share than founders.
Family offices (10-12 investors) (participated)
Institutional LPs (3 investors) (participated)
OTP Ventures GPs (participated) — Committed about 10-15% of the fund, among the largest contributors.