Orios Venture Partners, an India-based early-stage VC firm floated by serial investor Rehan Yar Khan, announced a new US$150 million fund according to e27. The new fund (Fund II) will primarily focus on startups working in the fintech, B2B commerce, used merchandise and affordable products spaces, as well as SaaS and B2C commerce. Devised to build a larger portfolio of approximately 25 seed companies and another six-eight Series A/B companies, the fund intends to keep significant follow-on capital for multiple rounds into growing companies; the VC firm expects to close the fund-raising process by the end of this year.
“When we launched our first fund in 2013, our objective was to give the domestic investor an opportunity to participate in the India online growth story. We were also best placed to leverage the combined experience of the team in building some of the most successful consumer and software product companies out of India. We’re very happy with the performance so far and are excited to continue our work with Fund II,” said Rehan Yar Khan, Managing Partner at Orios. “For 2015 we have identified that large opportunities exist in fintech, B2B commerce, used merchandise and affordable products for the middle class.”
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