Growth-stage firm Physis Capital closed its maiden venture fund at ₹400 crore ($42 million).
The fund is backed by heavy-weight domestic LPs including Star Union Dai-ichi Life Insurance, Haldiram’s Family Office, and DS Group.
Physis targets the critical Pre-Series A to Series B funding gap, deploying checks between $1 million and $3 million with heavy reserves for follow-on rounds.
The firm has already committed over 60% of its capital across 10 startups and plans to launch a larger Fund II by late 2026.
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