Growth-stage venture capital firm Physis Capital has announced the final close of its maiden Rs 400 crore fund. Founded by Inflection Point Ventures executives Vinay Bansal, Ankur Mittal, Mitesh Shah, and Vinod Bansal, the fund plans to invest in startups from Pre-Series A to Series B stages. Physis Capital will invest between $1 million and $3 million per startup and aims to build a portfolio of 15–20 companies. The fund has received backing from institutional investors and family offices including Star Union Dai-ichi Life Insurance, Haldiram’s Family Office, Lotus Holdings, Ajmera Realty, Narayana Nethralaya, and DS Group. According to the firm, more than 60% of the corpus has already been deployed or committed across 10 startups. Its portfolio includes Momentum, Olyv, STAGE, Hudle, and ElevateNow. The fund expects to complete deployment over the next 6–8 months and is currently focusing on sectors such as consumer tech, fintech, and deeptech. Physis Capital also plans to launch a larger second fund in Q4 CY26. Back in June last year, the firm had raised over Rs 200 crore ($23 million) in its ongoing fundraise. Bareback Media has recently raised funding from a group of investors. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. This shall, however, not influence our reporting or coverage in any manner whatsoever. You may find a list of our investorshere.
