Sparrow Capital closes Rs 475 Cr third fund to back 25-30 consumer startups
Consumer-focused VC Sparrow Capital has closed a Rs 475 Cr third fund, nearly 4x its Rs 120 Cr Fund II, to write $1M-$2M cheques into 25-30 startups over three years. Its D2C/retail portfolio spans Apnamart, Gokwik, Furnishka, Aukera and Deconstruct, with 30-40% reserved for follow-on rounds.
Sparrow Capital closed a Rs 475 Cr third fund to back 25-30 startups, with consumer among focus sectors. Portfolio includes Indian D2C/retail names like Apnamart, Gokwik, Furnishka, Aukera, and Deconstruct.
Why this matters
Sparrow Capital's Rs 475 Cr Fund III marks a near-4x jump from its Rs 120 Cr Fund II, deepening its consumer and D2C/retail bets across names like Apnamart, Gokwik and Deconstruct.
Retail-company signals are accelerating, up +491900% QoQ.
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