Physis Capital Closes Maiden Rs 400 Cr Fund, Eyes Bharat-Focused Startups
Summary
Physis Capital has closed its maiden Rs 400 crore fund and plans to back startups at Pre-Series A through Series B. The firm will write checks of USD 1 million to USD 3 million and focus on technology-led businesses across India. It has already deployed or committed more than 60% of the corpus across 10 portfolio companies, including Momentum, Olyv, STAGE, Hudle and Elevate Now. The fund expects to build a concentrated portfolio of 15 to 20 startups by December 2026 and launch a larger second fund later in 2026.
Funding
Amount
$48.2M
Total raised
Date
May 27, 2026
Announcement date
Investors
Lotus Herbals, Haldiram's
Lead investors
Company
phy-sis.com
Funded company
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