India, Jan. 8 -- Silicon Valley-based early-stage venture fund South Park Commons (SPC) is planning a capital raise for its India-focused fund over six months after it entered the South Asian market, according to a filing with the US Securities and Exchange Commission (SEC).

While the exact size of the fund has not been finalised, the listing sets the target at $40 Mn.

TechCrunch reported the development first.

Founded in 2015 by Ruchi Sanghvi, the first female engineer at Facebook and former VP of Operations at Dropbox, SPC is a tech startup community and early-stage venture fund dedicated to supporting founders, technologists, researchers, and builders during the -1 to 0 stage of their career, when their goal is to figure out what to...