Stellaris Venture Partners, which has backed companies such as personal care brand Mamaearth and SaaS startup Whatfix, announced the launch of its largest ever fund with a corpus of $300 million on Thursday.
The new fund will continue backing early-stage tech startups in the seed and series A stages and will invest in 25-30 startups over the next three years. It usually participates as the lead investor in these rounds and supports companies with multiple rounds of subsequent financing.
"With this new fund, we're excited to back founders using technology to solve deep problems in large markets," said Rahul Chowdhri, partner at Stellaris. Its previous two funds were $225 million and $90 million, respectively.
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