BlueGreen Ventures, a newly established venture capital firm founded by ex-Orios Venture Partners leaders Rajeev Suri and Anup Jain, has launched its first fund, aiming for $75 million, with a green shoe option. The fund is dedicated to early-stage investments, targeting sectors critical to India’s future, including climate-focused initiatives, fintech innovations tailored for Indian markets, and consumer-oriented businesses shaped by post-pandemic trends.
In a joint statement, Suri and Jain emphasized BlueGreen’s dual investment approach, which involves taking the lead in early funding rounds with investments ranging from Rs 7-12 crore. This fund seeks to support a portfolio that includes sectors such as green infrastructure, waste-to-value initiatives, sustainable agriculture, and supply chain decarbonization projects. The fund’s climate focus will benefit from strategic advisor Sophie Lambin, founder and CEO of Kite Insights, whose background in climate action consulting with global giants like HSBC and Unilever aligns with BlueGreen’s mission.
The co-founders bring substantial venture capital expertise to the firm, having achieved a 60%+ IRR from investments made between 2018-2021. Their prior successful investments include startups like BatterySmart, Beato, and Ixigo. Through BlueGreen Ventures, Suri and Jain aim to advance sustainable growth within India’s startup ecosystem.
Credit: This article is based on information from BlueGreen Ventures’ fund announcement and industry reports.
Key Highlights:
- BlueGreen Ventures launches $75M fund targeting early-stage investments.
- Focus areas include climate sustainability, fintech, and B2C sectors.
- Co-founders Suri and Jain bring a proven track record in high-ROI investments.