Blue Ashva Capital raises $60 mn for maiden fund

Blue Ashva Capital, an investment firm focused on SMEs and startups, on Monday raised ₹454 crore (approximately $60 million) for the initial close of its maiden fund.

“SMEs and startups play a key role in fostering entrepreneurship and generating large scale livelihood opportunities. However, with so much gloom and doom around, most such businesses are currently going through challenging times. There is a need now, more than ever, to support passionate founders with optimistic capital that is willing to bet on the long term," said Satya Bansal, founder, Blue Ashva Capital.

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