India: Stellaris Venture Partners raises $50m for tech-focused fund

India: Stellaris Venture Partners raises $50m for tech-focused fund

Stellaris Venture Partners co-founder Ritesh Banglani says Indian tech firms are set to create $500 billion of value over the next decade, and the VC’s fund will gives its investors the opportunity to participate in this value creation. Photo- Mint

Stellaris Venture Partners, an early-stage venture-capital firm founded by former executives of Helion Venture Partners, has raised about $50 million as part of the first closing for its new $100 million fund.

Stellaris, which was founded in 2016 by former Helion executives Ritesh Banglani, Alok Goyal and Rahul Chowdhri, plans to close the rest of the technology venture-focused fund by the end of 2017, said Chowdhri.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter