“Eternal Capital, Spearheaded by Dhruv Dhanraj Bahl, Debuts ₹120 Crore Venture Capital Fund”
Eternal Capital’s Inaugural Venture: Fueling Future Innovations with ₹120 Crore Fund
The venture capital landscape has witnessed the birth of a new player, Eternal Capital, which has made a grand entrance with its maiden fund of ₹120 crore. Spearheaded by Dhruv Dhanraj Bahl, the former COO of BharatPe, Eternal Capital is poised to become a catalyst for startups at the seed to pre-series A stages.
The Genesis of Eternal Capital
Eternal Capital is not just another VC fund; it’s a vision brought to life by Dhruv Dhanraj Bahl, whose experience as an early-stage angel investor and a seasoned operator has culminated in this venture. With investments in over 50 startups since 2020, Bahl’s track record speaks volumes about his commitment to nurturing innovative solutions for the future.
The Fund’s Strategy
The fund, which also includes a greenshoe option of another ₹120 crore, aims to build a diversified portfolio across various sectors. Eternal Capital is sector-agnostic, focusing on startups led by seasoned operators that have passed the post-product/market fit (PMF) stage and exhibit profitable revenue potential in the mid to long term.
A Commitment to Transformation
Eternal Capital’s approach is thesis-led, investing in companies that promise sustainability and transformation. The fund’s philosophy is rooted in addressing real-world problems with practical solutions, a principle that Bahl, as an operator, understands profoundly.
The Backing of Industry Stalwarts
The fund has already received commitments from marquee operators and entrepreneurs, including Suhail Sameer, Deep Kalra, and Tarun Mathur, among others. This backing by industry veterans underscores the confidence in Eternal Capital’s potential to make a significant impact on the startup ecosystem.
The Road Ahead
With plans to invest in 40 startups over the next three years, Eternal Capital is gearing up for an active role in shaping the future of innovation. The sectors of SaaS, platform play startups, climate and clean tech, sports tech, as well as consumer and D2C startups, are particularly in focus for the new fund.
Conclusion
Eternal Capital’s launch is a momentous occasion for the Indian startup scene. It represents the aspirations of a new breed of venture capitalists who are not just investors but also mentors and partners in progress. As Eternal Capital begins its journey, the startup world watches with anticipation, ready to witness the success stories that will emerge from this ₹120 crore fund.
Dhruv Dhanraj Bahl’s Eternal Capital is more than a fund; it’s a beacon of hope for startups striving to make a mark. With its strategic investments and support, Eternal Capital is set to ignite the flames of innovation and entrepreneurship, driving the future towards a brighter, more sustainable tomorrow.
