Zeropearl VC Achieves Rs 159 Crore Fund Closure
Zeropearl VC, a pre-seed and seed fund in India led by experienced venture capitalist Bipin Shah, has successfully concluded its first funding round at Rs 159 crore, approximately $18 million. This fund exceeded its original target of Rs 80 crore by 3.5 times, attracting commitments that surpassed Rs 280 crore before Shah decided to limit it to the planned corpus size.
Founded by IIT Bombay alumnus Bipin Shah, who previously worked as a partner at Titan Capital, Zeropearl VC prioritises speed, conviction, and thorough selectivity in its investment approach. With 14 years of expertise in early-stage investments, Shah has assessed over 50,000 startups and has invested in more than 250 companies. Notable investments include names like Mamaearth, Credgenics, InVideo, CityMall, and Giva, with successful exits such as Beardo (acquired by Marico), Oziva (acquired by HUL), and SuprDaily (acquired by Swiggy).
Over 52% of the fund’s capital is sourced from 31 accomplished founders, including leaders from 19 unicorn companies and various entrepreneurs linked to IPOs. This limited partner base not only provides capital but also mentorship and market connections, along with contributions from global funds-of-funds and family offices.
With Fund I, Zeropearl VC is set to invest in 45 startups across diverse sectors, maintaining a highly selective strategy where only 0.5% of evaluated opportunities are anticipated to receive funding. To date, the fund has completed 20 investments, with seven publicly disclosed, including Gully Labs, Cura Care, Zanskar, Catalogus, Akinna, Supply6, and Tryo.
