RTP Global, an early-stage venture capital company that has funded firms such as Cred, Rebel Foods, DeHaat, Delivery Hero, Practo, and Mobile Premier League, amongst others, has announced the launch of a fourth investment vehicle.
The objective of the industry-neutral fund, which has a capital of $1 billion (Rs 8,204 crore), is to make investments in twenty Indian start-up companies, with a major emphasis on seed and Series A rounds of financing.
It will be implemented across regions including North America, Europe, India, and Southeast Asia, with a focus on industries like artificial intelligence, enterprise software, finance, and e-commerce, among others.
RTP Global’s early-stage investment strategy will get $660 million from the one billion-dollar fund; the remaining $340 million will be used to give follow-on financing to ‘breakout’ portfolio firms that have already received money from this vehicle. The fund will be managed by RTP Global.
When compared to RTP Global’s prior fund, which was terminated in 2020, this fund shows a considerable gain of over fifty percent above its total value. Companies such as Yonder and Fintecture in Europe, DoControl and TealBook in the United States, and GoKwik in Asia are examples of some of the earlier investments made by RTP Global from Fund III.
Since that time, the company has increased its global footprint by opening offices in other cities throughout the globe, including London, Paris, Amsterdam, New York City, Dubai, and Bengaluru.
RTP Global’s Managing Partner for Asia, Galina Chifina, noted that the company is aggressively investigating the possibility of forming new partnerships, with a particular emphasis on seed and Series A investments. Since the company’s start in 2011, RTP Global has placed a significant emphasis on India. She went on to say that the company intends to make roughly 20 investments in India, with the goal of continuing to assist ambitious entrepreneurs.
In terms of the quantities of investments, Chifina noted that, depending on the specifics of each agreement, RTP normally invests between $1 and $10 million in companies based in India.
The current fund will employ strategies that are comparable to those of Funds II and III.
Chifina, commenting on the present situation of the industry, indicated that the ecosystem is developing and that RTP Global would continue to be willing to assist the founders of the companies in its portfolio. They want to maintain an agnostic stance with regard to the industries in which they specialise, despite the fact that the current trend towards electric vehicles (EVs) has been intriguing to monitor, especially in India.
RTP Worldwide, which had previously been known as Ru-Net, changed its name in late 2018 to RTP Global to reflect the accomplishments of its US-based branch, RTP.vc, as well as its development into a worldwide venture capital business.
The venture capital business was a pioneer in the Russian venture capital market when it was established in 2000. The firm’s first investment was in Yandex, which is today one of the leading information technology firms in Russia and the owner of a popular search engine.
The release of RTP Global’s new fund is good news for new businesses in the nation, particularly in light of recent worries over a slowdown in financing as a result of the economic slump.
