India, Feb. 16 -- A little over two years after launching his early-stage venture capital fund, former BharatPe CEO Suhail Sameer has announced OTP Ventures first fund's final close at Rs.500 Cr. The fund, which had initially set out to raise Rs.400 Cr, exceeded its target following a 17-month fundraising exercise that began in August 2024.

In a post on LinkedIn, Sameer said that the fund received commitments of over Rs.750 Cr by January 2026 but chose to cap the fund at Rs.500 Cr, citing "fund size discipline and return considerations".

In a LinkedIn post, Sameer said the first Rs.180-200 Cr came quickly from founders, former colleagues, friends and other venture capital investors.

However, he said the next few quarters were difficult...