India, March 3 -- A Junior VC (AJVC), a venture capital fund launched by former Venture Highway executive Aviral Bhatnagar, has reportedly closed its first INR 100 Cr fund targeting pre-seed investments in India.
The fund aims to exercise a greenshoe option to raise another INR 50 Cr.
"We are seriously considering exercising the greenshoe option given the overwhelming interest in the fund," ET reported, citing Bhatnagar.
Inc42 has reached out to Bhatnagar for comments on the development. The story will be updated based on his response.
A former lead investor in SaaS, consumer, and AI sectors at Venture Highway, Bhatnagar launched AJVC in August last year.
Bhatnagar, who had left the VC firm in April, identified a significant gap in Ind...