India, April 3 -- Sustainability-focussed venture capital firm ZeCa Capital has received approval from the Securities and Exchange Board of India (SEBI) to launch its maiden fund with a corpus of INR 150 Cr.

Having already received commitments from a few LPs, including Atria Group chairman Sunder Raju and a few CXOs in the sustainability space, the VC firm is expected to announce the first close of the fund at about INR 40 Cr this month.

Floated last year by serial entrepreneur and investor (former partner at Venture Garage) Pawan Raj Kumar, along with ex-Cuemath executive Aakash Kushwaha, ZeCa Capital aims to invest in early-stage sustainable startups across electric mobility, renewable energies, agritech, circular economy, consumer br...