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Stellaris Venture Partners has successfully closed its third fund, raising $300 million, which is three times larger than its inaugural fund. The firm has also announced the appointment of Naman Lahoty as a new partner. This fundraising marks one of the largest raises by an India-focused venture capital firm in 2024. In a related development, Sequoia Capital raised over $800 million for its Fund XVII, which closed in 2022, highlighting significant activity in the venture capital space.
🚨 Mamaearth’s early investor Stellaris has raised a massive $300 mn for its third fund, three times larger than its maiden fund This is also one of the largest raises by an India-focused venture firm in 2024 till now 💰 https://t.co/LlXZJBiLNz
🚨 Mamaearth’s early investor Stellaris has raised a massive $300 mn for its third fund, three times larger than its maiden fund This is also one of the largest raises by an India-focused venture firm in 2024 till now 💰 Quick breakdown - https://t.co/B4Baz9EJm8
#StartupsWithMC | @Stellaris_VP closes its third fund at $300 million, ropes in Naman Lahoty as new partner Here's all the information⬇️ https://t.co/sdb2jDha7b #Startups #Business