Financial Investors Group
Pentathlon Ventures debuts VC fund worth INR 76 cr, to invest in 20+ B2B SaaS startups
22 Sep 2021
Micro VC funds are becoming common in the Indian startup ecosystem. Recently, Gemba Capital and ISB Alum-backed Atrium Angel announced micro VC (venture capital) funds. Joining the bandwagon, Pune-based Pentathlon Ventures, an early-stage B2B software-as-a-service (SaaS)-focused VC firm, has announced the final close of its debut fund at INR 76 Cr and said it will invest in 20+ B2B SaaS startups.
With a ticket size of INR 75 Lakh to INR 3 Cr, Pentathlon Ventures will invest in pre-seed to Series A rounds of startups proven product-market fit, intellectual property, and potential for market disruption. The VC claims to have partnered with industry veterans like Gireendra Kasmalkar of Ideas to Impacts, Sandeep Chawda, ex-MD at Globant India, Madhukar Bhatia & Hemant Joshi of Sapience Analytics, Saurabh Lahoti who has been a part of 3 early-stage funds, and Shashank Deshpande of Clarice Technologies.