Vertex Ventures pivots $540M fund V to deeptech as Kuku FM, Pilgrim line up consumer IPO exits

Vertex Ventures is steering its $540M fifth fund toward semiconductors, robotics and batteries, writing $2-10M cheques for 15-20% stakes. Meanwhile, consumer bets are harvesting: Kuku FM targets a $200M IPO this year and beauty brand Pilgrim is IPO-ready within 24 months, signaling a maturing exit window for India's D2C cohort.

Vertex Ventures is steering its $540M fifth fund toward semiconductors, robotics and batteries, writing $2-10M cheques for 15-20% stakes. Meanwhile, consumer be

Mint · Companies · 5/15/2026, 12:08:17 PM · Ask about this →

Vertex Ventures + FirstCry + Kissht + Kuku FM + Pilgrim + Xpressbees + Yatra +