In the dynamic landscape of Indian startups, former BharatPe COO Dhruv Dhanraj Bahl steps into the world of venture capital with the launch of his maiden fund, Eternal Capital, with a substantial corpus of Rs 240 crore, including a greenshoe option.
Thesis-Led Investment Approach
Bahl emphasizes a thesis-led investment approach, targeting companies poised to shape the future while addressing real-world challenges. Leveraging his operational experience, Bahl aims to identify and support startups with mature metrics and practical solutions.
Diverse Portfolio and Sector Focus
Eternal Capital is sector-agnostic, focusing on building a diversified portfolio of startups addressing future solutions. Key sectors of interest include SaaS, clean tech, sports tech, and consumer/D2C startups, aligning with evolving market trends.
Strong Backing and Operator Support
With commitments from notable operators and entrepreneurs like Suhail Sameer, Deep Kalra, and Tarun Mathur, Eternal Capital boasts a robust support network. The fund’s strategy involves investing in 40 startups in their seed to pre-Series A stages over the next three years.
Continuing Legacy of BharatPe Alumni
Bahl’s venture adds to a growing trend of former BharatPe executives launching their startups and venture capital funds, contributing to what’s colloquially termed the “BharatPe mafia.” The entrepreneurial spirit within the company’s alumni underscores a vibrant ecosystem of innovation and investment in India’s startup landscape.
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