Bitcoin (BTC) $ 38,766.39 0.50%
Ethereum (ETH) $ 2,100.06 0.35%
Tether (USDT) $ 1.00 0.11%
BNB (BNB) $ 227.30 0.69%
XRP (XRP) $ 0.613539 0.41%
Solana (SOL) $ 62.14 1.71%
USDC (USDC) $ 1.00 0.01%
Lido Staked Ether (STETH) $ 2,099.17 0.38%
Cardano (ADA) $ 0.389339 1.83%
Dogecoin (DOGE) $ 0.083879 0.18%
HomeInvestmentRTP Global Announces Closure of $1bn Fund With Focus on India for...

RTP Global Announces Closure of $1bn Fund With Focus on India for One-Third of Investments


RTP Global, an early-stage venture capital firm, has announced the closure of its latest fund, which has a corpus of $1 billion and will allocate one-third of its investments to India.

RTP IV is part of the firm’s global investment strategy, with a focus on seed and Series A funding. The fund will be deployed in India, North America, Europe, and Southeast Asia, targeting sectors such as artificial intelligence/machine learning, enterprise software, fintech, e-commerce, and edtech. Of the fund, $660 million will be allocated for RTP Global’s early-stage investments, while $340 million will support “breakout” portfolio companies.

According to RTP Global, “We anticipate splitting the investment amount equally between the regions we operate in (Asia, Europe, and the US), given that we have equally sized teams in each geography and can source great opportunities across them all. We believe that India and SEA (Southeast Asia) are vibrant with entrepreneurial opportunities, and we are actively exploring innovative ideas and potential partnerships that align with our vision.”

RTP Global has invested in over 110 startups, with one in ten becoming multi-billion dollar businesses. Some notable early-stage investments include Datadog, a monitoring and security platform for cloud applications; DeliveryHero, an online food ordering service; and CRED, an Indian rewards-based credit card payment app.

“We couldn’t have reached this milestone without the incredible success of our founders. India and Southeast Asia are vibrant with entrepreneurial opportunities, and we are actively exploring innovative ideas and potential partnerships that align with our vision, specifically focusing on seed and Series A investments,” said Galina Chifina, investment partner at RTP Global in Asia.

RTP IV marks a more than 50% increase compared to the company’s previous fund that closed in 2020. The firm has expanded its presence with offices in London, Paris, Amsterdam, New York City, Dubai, and Bangalore. Previous investments from RTP III included Yonder and Fintecture in Europe, DoControl and TealBook in the US, and DeHaat and GoKwik in Asia.

“In times when the fundamentals of the venture capital ecosystem are being rewritten globally, the launch of RTP IV comes as a strong validation of our firm’s unique characteristics in the crowded VC market,” said Nishit Garg, investment partner at RTP Global in Asia.

“For India-SEA, we plan to primarily invest in seed and Series A rounds, writing first checks between $1M-10M (million). We take pride in being flexible capital partners so we can flex up or down in initial rounds.”


Please enter your comment!
Please enter your name here


Government eases rules for small savings schemes: Find out the details here

The government has relaxed the norms for various small savings schemes, including the Public Provident Fund (PPF) and Senior Citizen's Savings Scheme. The Senior Citizen's...

Clean Energy Stocks Decline in a Warming World as Oil Thrives

The effects of climate change, such as heat, drought, flood, and famine, are becoming increasingly apparent. To mitigate the consequences of global warming, the world's...

CBS Announces Return of New Scripted Shows in February

Hollywood is coming back to life with new episodes of scripted series returning in mid-February, according to CBS. The network will be the first to...

The Ultimate Beginner’s Guide to Starting a Blog in 2024

If you've ever wondered how to start a blog, you're in the right place. I've been a full-time blogger since 2011, and have taught thousands...

Most Popular