Cactus Partners

Cactus Partners is an early-growth venture capital firm based in Mumbai, India, focusing on investing in purpose-driven startups across sectors such as climate tech, health tech, B2B SaaS, and direct-to-consumer brands. The firm primarily targets early-stage companies that have established product-market fit and are seeking capital at Series A and early Series B stages. Cactus Partners aims to support entrepreneurs who are motivated by both purpose and financial success, providing them with the necessary resources to scale their businesses effectively.

The firm's investment strategy involves deploying capital in the range of ₹20 crore to ₹40 crore (approximately $2 million to $4 million) per company, with a focus on sectors like climate tech, health tech, and B2B SaaS. Cactus Partners has a history of leading funding rounds, such as the $7 million Series A round in Brandworks Technologies, an electronics design-led manufacturing company, and a $5 million investment in Indigrid Technology, a full-stack EV component supplier. These investments reflect the firm's commitment to supporting innovative companies with high growth potential.

Cactus Partners has successfully closed its first fund with a corpus of over ₹630 crore (approximately $75.9 million), with commitments from both domestic and international investors. The fund is targeting to make an additional 8-10 investments over the next one to two years, aiming to build a portfolio of 13-15 companies. This approach underscores the firm's dedication to fostering the growth of early-stage companies in India, particularly those that align with its focus on purpose-driven entrepreneurship and sustainable business practices.