Novastar Partners Launches ₹350 Crore Venture Capital Fund to Boost Indian Startups
In a major development for India’s investment and startup ecosystem, Novastar Partners, a venture capital firm founded by ex-banker Dhruv Jhunjhunwala, has announced plans to raise ₹350 crore for its first venture capital fund.
The firm aims to achieve its first close within six months, marking an ambitious move to accelerate early-stage funding for high-potential startups across the country.
The fund will focus on supporting emerging Indian enterprises in sectors such as fintech, technology, and innovation-driven industries. By channeling fresh capital into promising ventures, Novastar Partners seeks to strengthen India’s growing position as a global hub for entrepreneurship and innovation.
In parallel, Veloce Fintech has launched a ₹300 crore fund targeted at MSMEs and startups, securing over ₹100 crore in commitments to date. This move underscores a growing investor appetite for India’s small and medium enterprise sector, which continues to be the backbone of economic growth and job creation.
Founder Dhruv Jhunjhunwala emphasized Novastar’s vision of empowering entrepreneurs through not just capital but also mentorship, network access, and strategic guidance. The initiative aims to bridge the funding gap faced by many startups in their early growth stages.
With these developments, the Indian startup ecosystem is set to receive a significant boost, aligning with the country’s broader goals of digital transformation and innovation-led growth.
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