Early-stage Venture Capital fund Orios Venture Partners has marked the final close of its Select Fund at $30 million. According to the Mumbai-based firm, the proceeds have been raised from multiple family offices and institutions and it will be deployed towards follow-on rounds in its existing portfolio startups.
Previously, it had raised two funds — Orios Fund I and Orios Fund II in 2015 and 2018 respectively.
Orios’ Select Fund I, which primarily provides cheque size of $4 million to $8 million, has backed several startups including Country Delight, GoMachanic, and Pharmeasy and Mobikwik.
It’s worth noting that PharmEasy and Mobikwik are set to launch their IPO in 2021.
The Rehan Yar Khan-led firm’s investment areas include new commerce, technology-led financial inclusion, new media, gaming, consumer and agritech amongst others. Its portfolio companies also include Krishify, Beato, Zupee, MoneyOnClick, Gully Network, and Battery Smart.