SphitiCap launches maiden early-stage fund of $500 mn

Venture Capital firm SphitiCap has launched its maiden early-stage fund with a $500 million corpus which it will invest in companies focusing on sustainability, growth and impact. SphitiCap was founded in 2022 and will invest an average of $10 million in Indian startups from the seed stage to Series A. It was founded by Pallav Kumar Singh and Mayank Mehra.