08 April 2024 – Mumbai-based technology investment firm Filter Capital has successfully closed its first fund, raising a substantial corpus of Rs 800 crore, with contributions from diverse domestic and international investors.
Founders and Background:
Founded in 2018 by Nitin Nayar, with later involvement from Sumit Sinha, both bringing extensive experience from their tenure at Warburg Pincus, Filter Capital specializes in private equity investments, particularly focusing on Series B and C rounds.
The Filter Capital India Fund I attracted investments from notable institutional investors such as HDFC Fund of Funds, SIDBI, SRI Fund, Oister Global, DSP family office, and prominent figures like Akash Prakash from Amansa Capital and Harsh Jain, CEO of Dream11.
Filter Capital’s investment strategy revolves around leading or co-leading investments in sectors like SaaS, tech services expanding globally, and consumer and business services within India.
Nitin Nayar emphasizes the transformative role of technology in India’s business landscape, citing the country’s robust startup ecosystem and active VC community.
With over 30% of its fund already deployed across investments in SaaS, consumer tech, and B2B services, Filter Capital prioritizes partnerships with scalable businesses with strong market fit and competitive advantages.
Conclusion:
The successful closure of Filter Capital’s maiden fund signals confidence from investors in the firm’s investment thesis and expertise, highlighting the ongoing opportunities and growth potential in India’s tech and business sectors.
