Finvolve Marks First Close of ₹250 Cr Growth Fund at ₹90 Cr

16 Sept 2026, 5:15 pm · 3h ago · 1 min read · Inc42New

Amount

₹90 Cr

Stage

First Close

Multi-stage venture capital firm Finvolve has announced the first close of its ₹250 crore growth-stage fund at ₹90 crore, with plans to complete the final close within six months. Incorporated in 2022 as a joint venture between India Accelerator and Gift City-based Finolutions, the firm targets investments in 30 to 35 growth and late-stage startups over the next four years. Finvolve cofounder Apoorva Vora stated the Category II AIF will focus on four core sectors: defence and aerospace, frontier and strategic technology, energy, and consumer, maintaining an average investment deployment cycle of 1.5 years.