{"id":26615,"date":"2024-04-15T02:38:54","date_gmt":"2024-04-15T02:38:54","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/15\/binny-bansal-caratlanes-sacheti-back-xeed-ventures-decoding-fintechs-amc-biz\/"},"modified":"2024-04-15T02:38:54","modified_gmt":"2024-04-15T02:38:54","slug":"binny-bansal-caratlanes-sacheti-back-xeed-ventures-decoding-fintechs-amc-biz","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/15\/binny-bansal-caratlanes-sacheti-back-xeed-ventures-decoding-fintechs-amc-biz\/","title":{"rendered":"Binny Bansal, CaratLane\u2019s Sacheti back Xeed Ventures; decoding fintech\u2019s AMC biz"},"content":{"rendered":"
\"Binny<\/div>


\n<\/p>\n

Happy Monday! A growing set of Indian founders are emerging as big backers of domestic funds. More on this trend along with our other top stories in today\u2019s ETtech Morning Dispatch.<\/p>\n

Also in this letter:<\/span>
\u25a0 ET Interview: TCS CEO Krithivasan
\u25a0 Ola’s ONDC plans
\u25a0 HP’s gaming ambitions<\/p>\n

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Binny Bansal, CaratLane\u2019s Mithun Sacheti back Xeed as Indian founders become large sponsors of funds<\/p>\n

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(From left) Binny Bansal, Mithun Sacheti, and Sailesh Tulshan<\/em><\/p>\n

For the past few years, Indian founders are increasingly ploughing capital into domestic funds, which invest in startups. The latest such move is by Flipkart\u2019s cofounder Binny Bansal and CaratLane\u2019s founder Mithun Sacheti who have become anchor LPs<\/a> (limited partners) in Xeed Ventures. <\/p>\n

Driving the news:<\/span> Xeed Ventures, an early-stage fund run by Sailesh Tulshan, which was formerly known as 021 Capital, has also roped in Premji Invest as an LP. The investment committee (IC) for Xeed will consist of Tulshan, Bansal and Sacheti. Xeed is aiming to make a final close of Rs 600 crore and has already snagged 70% of the target corpus, according to people in the know. <\/p>\n

Go deeper:<\/span> While Bansal is a sponsor in a dozen other funds, Sacheti, who sold 27% stake in CaratLane to Titan for Rs 4,621 crore<\/a> last year, has been actively deploying capital across different vehicles. He is also a general partner and LP in Singularity Growth, <\/a>a fund backed by ace capital markets investor Madhu Kela.<\/p>\n

Zoom in:<\/span> Xeed plans to cut cheques below $1 million in 20-25 firms with a focus on enterprise, B2B, and fintechs. It has already closed a few investments like direct-to-consumer brand Charcoal.inc, and financial services startup Kredit.pe. <\/p>\n

Besides Bansal and Sacheti, there are other founders who have also deployed cash,\u201d said a person aware of the matter. <\/p>\n

\"founders<\/div>\n

Founders turn funders:<\/span> The list of influential founders who have floated or backed funds include:<\/p>\n