New Delhi, Sept. 2 -- Venturi Partners, a Singapore-based investment firm backing consumer-focused startups in India and Southeast Asia, has raised $150 million (around Rs 1,320 crore) for the first close of its second fund.

Fund II, which aims to mark the final close at $225 million by June 2026, will invest in disruptive, purpose-driven brands across India and Southeast Asia that are positioned to benefit from structural tailwinds such as rising consumer spending and favourable demographics. The fund has a hard cap of $250 million.

"Amidst global volatility, India continues to emerge as a strong growth market, creating a compelling long-term investment opportunity that aligns well with our strategy. With our hands-on operating expertise, we are confident we will deliver strong returns," said Rishika Chandan, managing partner at Venturi Partners.

Fund II will make initial investments of $15-40 million in 10 companies across high-growth consumer sectors. Alongside the main fund, investors will also be able to co-invest on a 1:1 basis.

"This strong response (from our limited partners) validates our investment thesis and the strength of our unique team that we have built over the last five years," said Nicholas Cator, founder and managing partner of Venturi Partners.

Founded in 2020, Venturi backs consumer-centric and purpose-driven brands across Series B to D stages. In June 2022, it closed its debut fund at $180 million, backed by prominent European and Asian families, including Frederic de Mevius (of the AB InBev family) and listed Belgian investment company Ackermans & van Haaren.

The fund invested in interior design firm Livspace, consumer dairy brand Country Delight, beauty and personal care brand Believe, homegrown edtech startup K-12 Techno Services, and footwear brand JQR.

The firm is now preparing to make one more investment to conclude its maiden fund. About 70% of its capital has been deployed in India, with the remaining invested in Southeast Asia.

Published by HT Digital Content Services with permission from VC Circle.