India, May 10 -- GrowthCap Ventures, an early stage venture capital (VC) fund launched by former BharatPe chief business officer Pratekk Agarwaal, is looking to close its maiden fund at INR 50 Cr in the next couple of months.

"We have already raised 50% of the fund corpus and will close this in the next two months. We are looking to write 10-12 cheques this year in early stage startups (seed to pre-Series A)," Agarwaal told Inc42.

The fund will allocate 60% of its corpus for fintech investments, 30% for investing in SaaS startups, and 10% for deeptech startups.

Launched in August last year, the SEBI-registered Category-II single general partner-led alternative investment fund (AIF) marked its first close at INR 20 Cr in February this y...