LC Nueva Launches INR 150 Cr Momentum Fund for High-Growth Startups

LC Nueva Investment Partners has announced the launch of the LC Nueva Momentum Fund, targeting a corpus of INR 150 Cr (approximately $18 million), with an additional greenshoe option of INR 100 Cr ($12 million). This partnership combines Lighthouse Canton from Singapore and Nueva Capital based in Delhi NCR. The Momentum Fund aims to invest in 10-15 high-growth startups across Series A and Series B rounds, primarily focusing on companies that have demonstrated improved operating performance. The fund will target “winners” from its previous LC Nueva Fund and explore secondary market transactions.

Sohil Chand, the founding partner and Chief Investment Officer (CIO) at LC Nueva Fund, expressed confidence in the fund's focus on high-potential investments, anticipating exceptional returns. He emphasized the importance of leveraging relationships built through the previous fund to effectively navigate current market dynamics. The launch follows the successful closing of LC Nueva AIF's maiden fund at INR 350 Cr nearly a year ago, which saw half of its backed companies raise “up rounds” and achieve an average revenue growth of 57% CAGR.

This initiative comes at a time when the Indian startup ecosystem is experiencing a rise in secondary market transactions, with notable stake offloads in companies like Capillary, Urban Company, Porter, and Pocket FM this year. While some deals occurred at a discount, others generated substantial returns. Furthermore, the launch aligns with a trend of new fund announcements in the Indian startup space, including Tribe Capital and Oister Global launching a

$500 million fund for secondary transactions, Capital A initiating its Fund II with a target corpus of INR 400 Cr, and z21 Ventures achieving the first close of its $40 million Fund II at $20 million last month. This strategic move by LC Nueva Investment Partners highlights a robust interest in supporting high-potential startups while capitalizing on favorable market conditions for secondary investments. #LCNuevaMomentumFund #StartupInvestment #VentureCapital #HighGrowthStartups #SeriesA #SeriesB #SecondaryMarket #InvestmentOpportunities #IndianStartups #Entrepreneurship #VentureFunding #CapitalGrowth #FundingNews #MarketTrends #InnovationInvestment #SohilChand #LighthouseCanton #NuevaCapital