Whiteboard Capital closes second fund at Rs 300 crore

Venture capital fund Whiteboard Capital, known for its early-stage investments in fintechs such as Cred, Jupiter, and Dezerv, as well as consumer brands like Damensch and NatHabit, has closed its second fund at Rs 300 crore, double its initial target of Rs 150 crore.

The firm, which has already returned 1x to its investors, holds an unrealised gain of around 6x from its first fund after investing in around 45 startups from a total corpus of $10 million, Anshu Prasher, a partner at Whiteboard Capital told ET. The first fund achieved exits from eight startups, either partially or completely.