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New fund · Professional & Local Services

White Whale launches secondaries fund with INR 250 crore target

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Date
Company
White Whale Ventures
What it does
Multi-disciplinary investment firm
Kind
New fund
Amount
INR 250 crore
Sector
Professional & Local Services

What they do

White Whale Ventures is a multi-disciplinary investment firm active in venture capital, secondaries, and public markets

What happened

It announced the first close of its White Whale Secondaries Fund, targeting INR 250 crore, with anchor investments in Atomberg Technologies and Blue Tokai…

Why it matters

The fund is structured as a Category II AIF and focuses on secondary stakes in late-stage private companies, an emerging asset class as startups stay…

The details

  • White Whale Ventures announced the first close of its White Whale Secondaries Fund.
  • The fund has a target corpus of INR 250 crore.
  • It is structured as a Category II AIF (Alternative Investment Fund).
  • The fund focuses on secondary stakes in late-stage private companies.
  • Anchor investments include Atomberg Technologies and Blue Tokai Coffee Roasters.
  • Participation comes from domestic family offices and HNIs (High Net-Worth Individuals).
  • The final close is expected within 12-18 months.
  • Shapath Parikh said the firm focuses on proven businesses with strong founders.

The bigger picture

  • The secondaries market is an emerging asset class in India.
  • Startups are staying private longer, creating demand for secondary transactions.

About the business

  • White Whale Ventures is a multi-disciplinary investment firm.
  • It operates across venture capital, secondaries, and public markets.
  • It manages funds for domestic family offices and HNIs.

What happens next

  • Final close expected within 12-18 months.

The deal

Type
fund

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