VC firm Epiq Capital closes its second India dedicated fund at $225 million

Mumbai-based venture capital Epiq Capital has closed its second fund at $225 million, which is higher than the initial target of $150 million. According to the firm, the India-dedicated fund was oversubscribed and was targeting a corpus of $200 million. 

The round saw participation from domestic and international investors, including tech entrepreneurs, industrialists, sports and entertainment leaders, family offices, sovereign wealth funds and other institutions.

Epiq Capital, which has portfolio startups such as Lenskart, Cure.fit, Teachmint, Pristyncare, and Dailyhunt, has over $300 million in assets under management. 

Founded in 2016, The investment firm primarily invests in the growth stage startups with an avera cheque size of around $25 million. The firm claimed that its portfolio startups have over $250 million in average annualised revenue run rate and have achieved over 75% annualised revenue growth over the last three years.

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