Pine Labs CEO, Jupiter Founder to launch $40 million VC fund

Pine Labs CEO Amrish Rau and neobank Jupiter's Founder Jitendra Gupta have joined angel investor Sweta Rau to launch White Venture Capital with $40 million. The fund will specialise in backing early-stage fintech startups in India and Southeast Asia. The fund's limited partners include TVF Capital, CRED's Kunal Shah, Sequoia India and 3one4 Capital, among others.