Mumbai-based venture capital firm Orios venture Partners Fund, set up by Indian angel investor Rehan Yar Khan, has hit the road to raise $150 million (about Rs 950 crore) in its second fund, less than a year after raising Rs 300 crore (about $50 million) in its first outing.
Orios Venture Partners Fund II will continue to invest in seed and early series A investments in online consumer tech and SaaS startups, it said in a statement.
Orios Venture Partners Fund-I which started investing in 2013 has invested in over 20 startups, including online lingerie brand Pretty Secrets, beauty appointment booking app Ziffi, on-demand home services company TaskBob, internet first daily affordable meal delivery company Yumist and budget accomodation provider Zo Rooms, all in the online consumer space.
The fund also invested in enterprise productivity software company Sapience and cloud data integration platform Zapstitch.
The venture capital firm has offices in Mumbai and Bangalore and is looking to open another office in Delhi.
Orios had raised its maiden VC fund last year after launching it in 2013 with an aim to invest across seed, Series A and Series B stages, with investment size ranging from Rs 50 lakh to Rs 20 crore ($800,000 to $3 million).