Suhail Sameer-backed OTP Ventures targets Rs 400 Cr debut fund close
Founded in 2023, OTP Ventures is an early-stage fund with a focus on three areas: consumer brands, consumer technology, and fintech.
OTP Ventures, backed by former BharatPe CEO Suhail Sameer, is reportedly aiming to secure the first close of its debut fund at Rs 400 crore by June.
Founded in 2023 by Sameer, along with Kunal Suri, former Managing Director of , and Saurabh Vashishtha, Co-founder of video commerce app , OTP Ventures is an early-stage fund with a focus on three areas: consumer brands, consumer technology, and fintech.
The venture capital firm recently obtained approvals to establish its fund and is set for its first close, expected in June, with Suri, Vashishtha, and Sameer as general partners, a Moneycontrol report said, adding that the fund has already committed four early-stage investments.
The fund was established a few months after Sameer resigned as CEO.
YourStory has reached out to Sameer for comments.
Since 2016, the trio has been investing together, initially using their private capital through a pooled vehicle, and they have collectively made over 65 investments in India, according to OTP Ventures’ LinkedIn page.
Some of the companies the founders have invested in their personal capacity include , , , , , , , , , , , , , Hoop, and Rocketpay.
“Being ex-founders ourselves, we believe we can help founders in their early years of building. We are available to founders when they need a sounding board to discuss critical matters affecting their business,” OTP Ventures noted on LinkedIn.
Edited by Kanishk Singh