Physis Capital marks final close of maiden Rs 400 crore fund

27 May 2026, 03:02 PM

The fund has secured commitments from institutional investors and family offices.

Physis Capital has marked the final close of its maiden venture capital fund at Rs 400 crore.

The fund has secured commitments from institutional investors and family offices including Star Union Dai-ichi Life Insurance, Haldiram Family Office, Lotus Holdings, Ajmera Realty, Narayana Nethralaya and DS Group.

Founded by former Inflection Point Ventures executives Vinay Bansal, Ankur Mittal, Mitesh Shah and Vinod Bansal, Physis Capital invests in startups from Pre-Series A to Series B stages.

The venture capital firm plans to build a concentrated portfolio of 15-20 companies.

The firm has already deployed or committed more than 60% of the corpus across ten companies, including regional content platform STAGE, sports-tech startup Hudle and obesity management platform Elevate Now.

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