Pune-based Pentathlon Ventures, an early-stage B2B SaaS-focused venture capital firm, today announced the final close of its first fund, which has secured investments totaling Rs 76 crore in an oversubscribed round.
With this, Pentathlon plans to invest in 20+ B2B SaaS-focused startups in a year and make investments between Rs 75 lakh and Rs 3 crore on average, the statement said.
The firm's investment strategy is based on a fundamental, value-oriented approach. It invests in companies that have a proven product-market fit, possesses strong intellectual property, and display the potential for market disruption. For these, Pentathlon Ventures invests through seed round and Series A/B funding round.
“We appreciate the confidence and trust our investors have shown in our team and strategy. Not to mention the unwavering support of the brilliant entrepreneurs who continue to partner with us,” says, Gireendra Kasmalkar, Managing Partner, Pentathlon Ventures.
According to a statement, all the managing partners at Pentathlon have been founders and take an active role in all material aspects of the early-stage business-building process. Tech entrepreneurs turn to the fund’s founders for their deep domain knowledge, extensive global reach, and hard-won experience in scaling various tech ventures.
“We are proud to say companies in our portfolio showed great resilience during the recent pandemic downturn,” said Saurabh Lahoti, Managing Partner, Pentathlon Ventures. “Their solid performances coupled with the consistency of our investment strategy are what I think ultimately struck a chord with a world-class pool of investors,” he adds.
The statement further added that the Pune-based fund will continue to focus on early-stage B2B SaaS start-ups. It counts Gireendra Kasmalkar (Ideas to Impacts), Sandeep Chawda (formerly MD at Globant India), Madhukar Bhatia (co-founder Sapience Analytics), Saurabh Lahoti (has run 3 early-stage funds in past), Hemant Joshi (Cofounder Sapience Analytics), and Shashank Deshpande (co-founder Clarice Technologies) as partners in Pentathlon Ventures.
Supporting the partners in this regard is a stellar board of advisors, including industry stalwarts such as Shirish Deodhar (Serial entrepreneur), Martin Umaran (Globant), Mohan Kumar (Avataar Ventures), Pravin Bhalerao (Pranitya Wealth), and Abhishant Pant (The Fintech meetup).
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