Atom XVII launches Rs 75 crore fund to back emerging consumer startups
The fund will be anchored by Safari Commercials, with Alphagrep Group's Mohit Mutreja among its Limited Partners (LPs).
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The fund will be anchored by Safari Commercials, with Alphagrep Group's Mohit Mutreja among its Limited Partners (LPs).
The total corpus includes a greenshoe option of Rs 250 crore.
The fund will make structured credit investments in mid- and large-sized companies and focus on senior secured lending strategies.
Beyond capital, the fund aims to offer portfolio companies strategic guidance and domain expertise from KRAFTON's gaming and platform experience and Naver's product and AI capabilities.
The fund, helmed by Rohit Kapoor, will invest in founders building across India, the UAE, and Singapore.
The contribution will be made either directly and/or through its wholly-owned subsidiaries, which include Smartweb Internet Services.