DSG Consumer Partners hits first close of new fund at $30 mn
1 April 2019 3:12 AM GMT
Early-stage consumer-focussed venture capital firm DSG Consumer Partners has marked the first close of its third fund that is
- The third fund -- DSGCP III -- has hit the first close at $30 million and the final close is expected by June this year, media reports said, citing Deepak Shahdadpuri, founder and managing director, DSG Consumer Partners.
- The venture capital firm's second fund, DSGCP II, had received commitments from a number of institutional investors, family offices, and fund of funds with most of the investors from the first fund investing again.
- DSG Consumer Partners is also raising an add-on fund like it had done earlier to invest in select companies from the previous funds.
- It had raised an add-on fund DSGCP Tyeb of $20 million while it was raising its second fund.
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