New Delhi, May 4 -- White Whale Ventures has invested in Blue Tokai Coffee Roasters and consumer appliances firm Atomberg Technologies through its newly-launched secondaries fund, a top company executive said.

The Mumbai-based venture capital firm, which also backs startups such as M2P Fintech and iD Fresh, has completed the first close of the fund and expects to reach the final close within the next 12-18 months, co-founder Shapath Parikh told Mint.

"We did our first close a month or so ago, and have already made two investments since then," Parikh said in an interview.

Parikh said the first close was backed by domestic family offices, entrepreneurs, senior professionals, investment bankers and promoters of listed companies, without s...