Pentathlon Ventures, a Pune, Maharashtra, India-based early-stage B2B SaaS-focused venture capital firm, has announced the launch of its second fund with a target of $55M.
For Fund II, the firm is raising capital from a mix of Indian and global limited partners encompassing business leaders, corporations and institutions.
The fund aims to invest in 25 B2B SaaS startups, supporting solutions across Enterprise Digital Transformation, E-commerce Enablement, Fintech, Vertical SaaS, Applied AI, Sustainable Tech, and HealthTech.
Pentathlon Ventures is an early stage venture capital firm that aims to bridge the gap between Angel and Series A+ rounds, focusing on the B2B SaaS space of the Indian startup ecosystem. The firm works with early-stage technology companies to scale their business globally by providing Expertise, Ecosystem & Capital.
Pentathlon Ventures was founded in 2020 by a team of entrepreneurs with over 150 years of experience including:
- Gireendra Kasmalkar (Ideas to Impacts, Verisoft);
- Sandeep Chawda (Globant, Clarice, Veritas);
- Saurabh Lahoti (Grassroots Business Fund, Ennovent);
- Madhukar Bhatia (Sapience, Symphony, Veritas);
- Ashok Mayya (Rising Pharma, Citron Pharma);
- Hemant Joshi (Sapience, Symphony, Veritas), and
- Shashank Deshpande (Globant, Clarice, Veritas).
Through its first fund, the VC firm has invested in 23 startups, with a track record which included exits and follow-on investments.
FinSMEs
07/09/2023