India, Sept. 10 -- Former Venture Highway executive Aviral Bhatnagar's investment venture A Junior VC (AJVC) has closed its debut AIF fund AJVC Trust at INR 200 Cr, about six months after marking the first close of the fund.

Without disclosing the names of investors participating in the fund, Bhatnagar told Inc42 that global institutional investors, top-tier family offices in India, high net-worth individuals (HNIs) and founders of startups have backed the fund.

Bhatnagar said that AJVC has invested in 25 startups so far via the fund, across sectors such as SaaS, AI, consumer tech, consumer brands as well as B2B. Most recently, AJVC backed packaged Bihari foods startup Mithila Foods in August. The VC firm invests INR 1.5 Cr to acquire 9...