Pentathlon Ventures has announced the launch of its second fund with a target corpus of Rs 450 crores. The fund aims to invest in 25 B2B SaaS start-ups. The firm will support breakthrough solutions across Enterprise Digital Transformation, E-commerce Enablement, Fintech, Vertical SaaS, Applied AI, Sustainable Tech, and HealthTech, in the B2B SaaS space.

Prior to this, the firm has already invested in 23 start-ups through its first fund. For Fund II, Pentathlon Ventures is raising capital from a mix of domestic and global limited partners encompassing business leaders, corporates and institutions. 

Commenting on the fund’s investment thesis, Pentathlon Ventures’ managing partner Sandeep Chawda said, “The revenues coming from India based B2B start-ups are expected to grow 25X in the next 8 years. With an impressive 50 per cent faster time to revenue, better revenue predictability, and solid gross margins ranging between 70-80 per cent, it presents extraordinary prospects of building sustainable businesses.

“Couple of decades back, India was known for off-shore IT services. Later, B2C start-ups gained prominence because of India’s population/consumption story. Today, Indian B2B start-ups are on their way to become global leaders within this decade. Add to this the tailwinds from the global focus moving to India," Pentathlon Ventures’ managing partner Gireendra Kasmalkar said

Pentathlon Ventures is an early-stage VC fund, founded in 2020 by a team of entrepreneurs, Gireendra Kasmalkar, Sandeep Chawda, Saurabh Lahoti, Madhukar Bhatia, Ashok Mayya, Hemant Joshi and Shashank Deshpande.