Early-stage venture capital firm Cactus Partners is targeting a corpus of Rs 1,600 crore for its second fund, with plans to invest in 13–15 startups over the coming years.
According to Financial Express, citing an interview with Cactus Partners General Partner Amit Sharma, the firm plans to write initial cheques of Rs 60–100 crore and primarily back companies raising $10–20 million. It intends to lead funding rounds with investments of $6–10 million while syndicating the remaining capital with other investors.
Cactus Partners invests across advanced manufacturing, enterprise technology and consumer technology. Its key focus areas include robotics, semiconductors, defence, spacetech, electronics manufacturing, AI, machine learning, cybersecurity, healthtech and vertical software.
The firm’s first fund, with a corpus of Rs 630 crore, has been deployed across 13 companies, including Lohum, Bellatrix Aerospace, Kapture CX, Indigrid Technologies and Brandworks. Over the past 15 months, it has made new investments in Bellatrix Aerospace, Showroom B2B and Brandworks Technologies, while participating in follow-on rounds of existing portfolio companies.
The firm remains focused on startups with proven product-market fit, sustainable unit economics and long-term growth potential rather than chasing high-valuation sectors. Cactus Partners is also evaluating opportunities in cybersecurity and quantum technologies.
