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Dharana closes 2nd growth fund at $250 mn, to back tech
Mint Mumbai
|January 13, 2026
Dharana Capital, which has backed startups such as Urban Company, Zomato, LAT Aerospace and Pet Pooja, has raised its second growth fund with a corpus of $250 million to continue investing in tech and consumer businesses in India.
The investment firm will continue to back founders building large and standalone listed businesses, its founder and managing partner said. "We believe India’s listed tech market cap will grow multi-fold over the next decade as more new-age enterprises go public,” Vamsi Duvvuri said in a statement on Monday.
The firm stressed on it long-term approach with portfolio companies, backing founders and teams to build durable businesses, and preparing them for transition to public markets.
The new fund comes nearly four years after Dharana Capital raised its first fund with a corpus of $160 million in 2022.
Cette histoire est tirée de l'édition January 13, 2026 de Mint Mumbai.
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