New Delhi, Sept. 2 -- Consumer-focused Venturi Partners has announced the first close of its second fund at $150 million. The growth-stage firm is targeting an overall size of $225 million with Fund II and expects to completely close it by June 2026.

With the new fund, launched in March, Venturi will invest in companies in consumer startups, mostly in south and southeast Asia, that are looking to raise funds in Series B to Series D rounds, according to a release.

The Singapore-based firm will invest in 10 companies over the fund's lifecycle, with cheque sizes ranging between $15 and $40 million. Venturi is also giving its limited partners, those who have contributed to Fund II's creation, the option to co-invest alongside the firm in a ...