COLOSSA WOMENFIRST FUND RAISES RS 100 CR AS FIRST CLOSE

Colossa WomenFirst Fund will invest in startups with women founders or businesses where they are the main beneficiaries

Colossa Ventures has raised Rs 100 crore as the first close for its maiden WomenFirst Fund as it aims to invest in startups that are founded or co-founded by women, and also include those where they are the main beneficiaries.

Founded by Ashu Suyash and Vandana Rajadhyaksha, the Colossa WomenFirst Fund raised capital from entities including SIDBI, Ranjan Pai’s family office, and Shriram Ownership Trust, among others.

The fund has a final target corpus of Rs 500 crore and aims to invest at the pre-Series A stage and beyond.