Capital Markets #sparrow capital#venture capital
Sparrow Capital closes third fund at Rs 475 crore, targets larger cheques for startups
Sparrow Capital has closed its third venture capital fund at Rs 475 crore, with 60% of the corpus coming from global institutional investors. The Bengaluru-based firm will invest $1-2 million each in 25-30 startups over the next three years, a significant increase from its earlier cheque sizes. The fund's close comes as Indian early-stage funding sees larger average cheque sizes despite fewer rounds.
Jul 2, 2026 1 source