New Delhi: Gemba Capital a micro venture capital firm said it has made a final close of Rs 75 crore for its maiden fund. Gemba had announced an inaugural corpus of $10 million (Rs 77.48 crore) in September last year.

As much as 50% of the capital will be invested in fintech and SaaS startups while the balance will be deployed across a variety of industries, including Web 3.0, gaming, deep tech, healthcare, and B2B commerce.

“ We are overwhelmed by the confidence shown in our abilities by our LPs ( limited partners who are sponsors in funds). We have reached the target of Rs 75 crore and will announce the final close soon…. We want to close all the ongoing discussions and should get oversubscribed and touch Rs 100 crore,” Adith Podhar, founding partner said.

Gemba Capital, which was founded in 2018, invests in seed and pre-seed rounds in India.

The first cheque from Gemba Capital will be in the range of $100K-250K. It has set aside 35% of the fund’s capital as reserve allocation for participation in follow-on rounds in portfolio winners.

“Our deal pipeline is strong, and we intend to make our first investment from May this year onwards. Our target remains to close eight deals by December end”, Podhar further added.

Plum and Verak (Insurtech); Wint, Strata, and Grip (Alternative Investment); Inai, ClickPost, Zuper, Tranzact, Threado (SaaS); Smartstaff, Unnati, Krishikan (Marketplace/Aggregators) are among Gemba Capital’s pre-fund portfolio companies.

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