Sparrow Capital Closes Third Fund At ₹475 Cr To Back Seed Stage Startups

VC firm Sparrow Capital has closed its third fund with a corpus of ₹475 Cr (about ₹50 Mn), surpassing its initial target of ₹400 Cr. The fund is sector agnostic and Sparrow Capital plans to back 25-30 startups over the next three years with ticket size in the range of $1 Mn to $2 Mn. The firm, in a statement, said it has already made five commitments from the fund.