Indian VC firm WaterBridge secures final close of second VC fund at $150m

Indian VC firm WaterBridge secures final close of second VC fund at $150m

Photo: Bloomberg

WaterBridge Ventures, which has invested in Unacademy, Atlan, Magicpin, Bijnis and CityMall, has marked the final close of its second fund at $150 million, said Manish Kheterpal, managing partner at the early-stage venture capital firm.

The second fund seeks to invest $500,000 to $3 million each in 25 startups across seed and Series A rounds. It will also reserve capital for follow-on investments in best-performing companies. The fund has made 10 bets already, Kheterpal said. WaterBridge has more than $250 million in assets under management, he added.

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