Co-founder & General Partner of Cactus Partners, a venture capital company based in Mumbai.
Rajeev Kalambi is Co-founder & General Partner of Cactus Partners, a venture capital company based in Mumbai, founded in 2020.
Cactus Partners, formerly Cactus Venture Partners, is a Mumbai-based early-growth venture capital firm founded in 2020 by Anurag Goel, Amit Sharma and Rajeev Kalambi. It invests across advanced manufacturing, enterprise technology and consumer technology, and closed its maiden fund at ₹630 crore in February 2024.
Company profile →ProfileLaunched in Mumbai by Cactus Communications co-founder Anurag Goel with investors Amit Sharma and Rajeev Kalambi, seeded with $7-8 million of general partner sponsor capital.
Marks first close of its maiden fund at ₹350 crore against a stated target of ₹750 crore including a ₹250 crore green shoe, with a 15% commitment from the general partners.
Announces final close of its maiden fund at ₹630 crore ($75.8 million), below the original ₹750 crore target. Around 60% of commitments came from domestic limited partners.
Leads a $17 million equity and debt round in apparel sourcing platform Showroom B2B, reported as the twelfth investment from the maiden fund.
Leads a $20 million pre-Series B round in space propulsion company Bellatrix Aerospace, alongside Hero Investment Office, 35 North Ventures and existing backers.
General partner Amit Sharma says the firm is targeting ₹1,600 crore for Fund II, with 13 to 15 planned investments and initial cheques of ₹60-100 crore. No first close announced.
