Pentathlon Ventures launches Rs 450 crore Fund II to invest in 25 B2B SaaS-focused startups

Pune-based early-stage B2B SaaS-focused venture capital firm Pentathlon Ventures today announced the launch of its second fund with a target corpus of Rs 450 crore. 

According to the VC firm, The new fund aims to invest in 25 B2B SaaS startups across enterprise digital transformation, e-commerce enablement, fintech, vertical SaaS, applied AI, sustainable tech, and healthtech in the B2B SaaS space.

“The revenues coming from India-based B2B startups are expected to grow 25X in the next 8 years. With an impressive 50% faster time to revenue, better revenue predictability, and solid gross margins ranging between 70-80%, it presents extraordinary prospects of building sustainable businesses,” said Sandeep Chawda, Managing Partner at Pentathlon Ventures’.

The VC firm said it is raising capital from domestic and global limited partners for its Fund II.

“Couple of decades back, India was known for off-shore IT services. Later, B2C start-ups gained prominence because of India’s population/consumption story. Today, Indian B2B start-ups are on their way to become global leaders within this decade. Add to this the tailwinds from the global focus moving to India. We are truly on the cusp of a huge virtuous cycle," said Gireendra Kasmalkar, Managing Partner, Pentathlon Ventures. 

Founded in 2020 by a team of marquee entrepreneurs and industry veterans --- Gireendra Kasmalkar, Sandeep Chawda, Saurabh Lahoti, Madhukar Bhatia, Ashok Mayya, Hemant Joshi, Shashank Deshpande.

Some of its portfolio companies are Deeptek, Rezolve, Spyne, Dista,  TurboHire and ShopSe, among others.

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